. Consolidation in the asset management industry increases universal ownership and common ownership of industry rivals. Extant results …

We examine the various senses in which economist use the term "rationality" and then outline some of the commonly drawn …

We present a heterogeneous-firm model in which management ability increases both pro- duction efficiency and product … quality. Combining six micro-datasets on management prac- tices, production and trade in Chinese and American firms, we find … inputs, and imported inputs from more advanced countries. The structural estimates indicate that management is important for …