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Comments on the 2023 draft merger guidelines : a labor market perspective

Berger, David; Hasenzagl, Thomas; Herkenhoff, Kyle; … - 2023

The DOJ and FTC clarify the role of labor market power ("monopsony") in the 2023 draft merger guidelines. The draft … that a stricter threshold may be warranted in labor markets. The post-merger Herfindahl-Hirschman Index (HHI) that defines …) Explicitly addressing monopsony in the draft guidelines is grounded in economic theory and empirical research. (2) Workers …

Persistent link: https://www.econbiz.de/10014335050

Does the use of worker flows improve the analysis of establishment turnover? : evidence from German administrative data

Hethey-Maier, Tanja; Schmieder, Johannes F. - 2013

Economists have long been interested in analyzing entries and exits of establishments. In many countries administrative datasets provide an excellent source for detailed analysis on a fine and disaggregate level. However, administrative datasets are not without problems: restructuring and...

Persistent link: https://www.econbiz.de/10010199016

Enterprise restructuring in Belarus

Bakanova, Marina; Estrin, Saul; Pelipasʹ, Igorʹ V.; … - 2006

We explore the impact of privatization and the entry of new firms on enterprise performance in Belarus, a transition economy in which reform and market-orientated institutional development has been limited. We hypothesize that private ownership will enhance company performance, measured in a...

Persistent link: https://www.econbiz.de/10003328064

Undocumented worker employment and firm survival

Brown, J. David (contributor); … - 2009

Do firms employing undocumented workers have a competitive advantage? Using administrative data from the state of Georgia, this paper investigates the incidence of undocumented worker employment across firms and how it affects firm survival. Firms are found to engage in herding behavior, being...

Persistent link: https://www.econbiz.de/10003794077

Marketmaking middlemen

Gautier, Pieter; Hu, Bo; Watanabe, Makoto - 2016

This paper develops a model in which market structure is determined endogenously by the choice of intermediation mode. We consider two representative business modes of intermediation that are widely used in real-life markets: one is a middleman mode where an intermediary holds inventories which...

Persistent link: https://www.econbiz.de/10011526728

Employment protection, product market competition and growth

Koeniger, Winfried - 2002

It is commonly argued that labor market institutions such as employment protection worsen an economy's performance and particularly so, if product markets become more competitive. Empirical evidence, however, has difficulties to detect a robust negative correlation between employment protection...

Persistent link: https://www.econbiz.de/10011412718

Fake news

Grunewald, Andreas; Kräkel, Matthias - 2017

In the last decade, social media and the Internet have amplified the possibility to spread false information, a.k.a. fake news, which has become a serious threat to the credibility of politicians, organizations, and other decision makers. This paper proposes a framework for investigating the...

Persistent link: https://www.econbiz.de/10011775941

The effects of local market concentration and international competition on firm productivity : evidence from Mexico

Rodríguez-Castelán, Carlos; López-Calva, Luis F.; … - 2020

Although market concentration is one of the main impediments to productivity growth globally, data constraints have limited its analysis to developed countries or cross-country studies based on definitions of market concentration across nations and industries. This paper takes advantage of a...

Persistent link: https://www.econbiz.de/10012202018

Hope, noise, and the efficiency of perfect meritocracy

Beltrametti, Luca F.; Cardullo, Gabriele - 2024

This paper explores the economic effects of imperfect meritocracy in recruitment and career advancement. We compare two career promotion mechanisms: a fully meritocratic system and a "noisy" one, that allows less productive workers to advance. Our model shows that imperfect meritocracy in...

Persistent link: https://www.econbiz.de/10015158068

Are rushed privatizations substandard? : analyzing firm-level privatization under fiscal pressure

Hagemejer, Jan; Švejnar, Jan; Tyrowicz, Joanna - 2018

, increase or decrease firms' efficiency, scale of operation (size) and employment. Using a large panel of firm-level data from … Poland over 1995-2015, we show that rushed privatization has negative efficiency, scale and employment effects relative to … stronger than its negative effect on efficiency. Our results suggest that when policy makers resort to rushed privatization …

Persistent link: https://www.econbiz.de/10011859206