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On the Ubiquity of Declining Business Dynamism
Hummels, David; Yue, Kan - National Bureau of Economic Research - 2024
Recent work documents declining business dynamism in the United States, with concerning implications for markups, innovation and productivity. Using import data for 146 countries over three decades we document a set of new stylized facts describing market dynamism world-wide. Market entry rates...
Persistent link: https://www.econbiz.de/10014576666
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A Unified Theory of Firm Selection and Growth
Arkolakis, Costas - 2011
This paper studies the effects of marketing choice to firm growth. I assume that firm-level growth is the result of idiosyncratic productivity improvements with continuous arrival of new potential producers. A firm enters a market if it is profitable to incur the marginal cost to reach the first...
Persistent link: https://www.econbiz.de/10012461105
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Regulation of Entry and the Distortion of Industrial Organization
Fisman, Raymond - 2004
We study the distortions to industrial organization caused by entry regulation. We take advantage of heterogeneity across industries in their natural barriers and growth opportunities to examine whether some industries are differentially affected by country-level entry regulation. In industries...
Persistent link: https://www.econbiz.de/10012467758
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Entry, Pricing and Product Design in an Initially Monopolized Market
Davis, Steven J. - 2001
We analyze entry, pricing and product design in a model with differentiated products. Under plausible conditions, entry into an initially monopolized market leads to higher prices for some, possibly all, consumers. Entry can induce a misallocation of goods to consumers, segment the market in a...
Persistent link: https://www.econbiz.de/10012470171
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Endogenous number of firms, horizontal concentration and heterogeneity of firms : a note
Münter, Markus Thomas - In: Economics letters 154 (2017), pp. 74-76
Persistent link: https://www.econbiz.de/10011810733
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Productivity and Misallocation in General Equilibrium
Baqaee, David Rezza - 2017
impact of a shock can be boiled down into two components: its "pure" technology effect; and its effect on allocative …
Persistent link: https://www.econbiz.de/10012453706
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Agro-Ecosystem Productivity and the Dynamic Response to Shocks
Chavas, Jean-Paul - 2016
This paper investigates the nonlinear dynamic response to shocks, relying on a threshold quantile autoregression (TQAR) model as a flexible representation of stochastic dynamics. The TQAR model can identify zones of stability/instability and characterize resilience and traps. Resilience means...
Persistent link: https://www.econbiz.de/10012456056
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Networks and the Macroeconomy : An Empirical Exploration
Acemoglu, Daron - 2015
the direct impact of a shock and the magnitudes of the downstream and the upstream indirect effects. We then investigate … through the input-output network, with a pattern broadly consistent with theory. Quantitatively, the network-based propagation …, capturing the fact that the local propagation of a shock to an industry will fall more heavily on other industries that tend to …
Persistent link: https://www.econbiz.de/10012457324
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Is capital a collusion device?
Feuerstein, Switgard; Gersbach, Hans - In: Economic theory : official journal of the Society for … 21 (2003) 1, pp. 133-154
Persistent link: https://www.econbiz.de/10001717370
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Aggregate-Demand Amplification of Supply Disruptions : The Entry-Exit Multiplier
Bilbiie, Florin O. - 2020
initial response to the shock by generating additional curvature in the relationship between the shock and aggregate demand … magnification of the welfare losses due to a negative shock through these second-order effects. Nominal rigidities may also induce a …
Persistent link: https://www.econbiz.de/10012482477