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efficiency frontier induced by adverse shocks to banks’ volumes serve as a measure of business risk. This measure of profit … changes in banks’ profits coming from sudden changes in the banks’ activities. This methodology is based on the efficiency … profitfunction. Using the distance function to compute banks’ profitability, we take the distance to the frontier of best practices …
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Firms in developed countries face increasing shortages of young workers. This paper studies the importance of young workers, particularly vocational trainees, for firm technology investments. Leveraging exogenous variation in trainee supply caused by an education reform in Germany in 2001, I...
Persistent link: https://www.econbiz.de/10015271321
This paper studies the innovation dynamics of an oligopolistic industry. The firms compete not only in the output market but also by engaging in productivity enhancing innovations to reduce labor costs. Rent sharing may generate productivity dependent wage differentials. Productivity growth...
Persistent link: https://www.econbiz.de/10003942451
analysis provides an explanation for why some firms only use little debt financing. Predictions made by our theory are in line …
Persistent link: https://www.econbiz.de/10011705222
We develop a measure of static misallocation that separates uncertainty from misallocation generated by tax-like distortions. In the Finnish firm-level data, uncertainty accounts for the majority of ex post misallocation and explains a strong decreasing age-dependent trend in it. To understand...
Persistent link: https://www.econbiz.de/10012583062
An establishment can improve its productivity by hiring workers from more productive establishments. Then, how important is worker reallocation for aggregate productivity growth? To study this question, I develop a general equilibrium model where knowledge transmits as workers reallocate from...
Persistent link: https://www.econbiz.de/10012583063
and overall efficiency gains as compared to an environmental tax reform 'stand-alone' (ETR). We address this question in …
Persistent link: https://www.econbiz.de/10013428363
Products produced by a multiproduct firm can be linked through demand linkages or supply linkages. On the demand side, changes in the price of one product can affect the demand for a firm's other products through shifts in consumer expenditures. This is commonly referred to as the...
Persistent link: https://www.econbiz.de/10014492127