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Resource misallocation in European firms : the role of constraints, firm characteristics and managerial decisions

Gorodnichenko, Yuriy; Revoltella, Debora; Švejnar, Jan; … - 2018

Using a new survey, we show that the dispersion of marginal products across firms in the European Union is about twice as large as that in the United States. Reducing it to the US level would increase EU GDP by more than 30 percent. Alternatively, removing barriers between industries and...

Persistent link: https://www.econbiz.de/10011815929

Cues for coordination : light, longitude and Letterman

Hamermesh, Daniel S. (contributor); … - 2006

norms that affect everyone. -- time use ; labor supply ; synchronous activities ; time zones …

Persistent link: https://www.econbiz.de/10003304674

Access to banking services and poverty reduction : a state-wise assessment in India

Bhandari, Amit Kumar - 2009

Financial inclusion is the broad based delivery of banking and other financial services at affordable cost to the poorest sections of society. In India, financial inclusion emphasizes to include maximum number of people under formal financial systems. The most important part of financial...

Persistent link: https://www.econbiz.de/10003831814

Supply theory sans profit-maximization

Dasgupta, Indraneel - 2009

We utilize the analytical construct of a stochastic supply function to provide an aggregate representation of a finite … collection of standard deterministic supply functions. We introduce a consistency postulate for a stochastic supply function that … may be satisfied even if no underlying deterministic supply function is rationalizable in terms of profit maximization …

Persistent link: https://www.econbiz.de/10003810898

Inequality, inequity aversion, and the provision of public goods

Kölle, Felix; Sliwka, Dirk; Zhou, Nannan - 2011

We investigate the effects of inequality in wealth on the incentives to contribute to a public good when agents are inequity averse and may differ in ability. We show that equality may lead to a reduction of public good provision below levels generated by purely selfish agents. But introducing...

Persistent link: https://www.econbiz.de/10009230686

Demand or supply? : price adjustment during the COVID-19 pandemic

Balleer, Almut; Link, Sebastian; Menkhoff, Manuel; … - 2020

We study price-setting behavior in German firm-level survey data to infer the relative importance of supply and demand … during the Covid-19 pandemic. Supply and demand forces coexist, but demand shortages dominate in the short run. A reported …

Persistent link: https://www.econbiz.de/10012259571

Migration, the quality of the labour force and economic inequality

Kahanec, Martin (contributor); … - 2008

Mobility of workers involves flows of labour, human capital and other production factors and thus contributes to a more efficient allocation of resources. Besides these effects on allocative efficiency, migrant flows affect relative wages and also change the international and national...

Persistent link: https://www.econbiz.de/10003726798

Welfare in models of trade with heterogeneous firms

Janiak, Alexandre (contributor) - 2008

I illustrate that the welfare improvement property of the Melitz model is due to the shape of the aggregate labor demand curve, which slopes upwards. By slightly changing some assumptions in the model, this curve may have a negative slope. In this case, increases in aggregate productivity result...

Persistent link: https://www.econbiz.de/10003771871

Understanding Pareto inefficient intrahousehold allocations

Akresh, Richard (contributor) - 2005

Udry (1996) uses household survey data and finds that the allocation of resources within households is Pareto inefficient, contradicting the main assumption of most collective models of intrahousehold bargaining. He finds that among plots planted with the same crop in the same year, within a...

Persistent link: https://www.econbiz.de/10003287812

The effect of employment protection legislation and financial market imperfections on investment : evidence from a firm-level panel of EU countries

Cingano, Federico; Leonardi, Marco; Messina, Julián; … - 2009

This paper analyzes the joint effect of EPL and financial market imperfections on investment, capital-labour substitution, labour productivity and job reallocation in a cross-country framework. In the spirit of Rajan and Zingales (1998) and Ciccone and Papaioannou (2006), we exploit variation in...

Persistent link: https://www.econbiz.de/10003832294