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Effects of Credit Supply on Unemployment and Inequality
Bandyopadhyay, Subhayu - 2016
The Great Recession, which was preceded by the financial crisis, resulted in higher unemployment and inequality. We propose a simple model where firms producing varieties face labor-market frictions and credit constraints. In the model, tighter credit leads to lower output, lower number of...
Persistent link: https://www.econbiz.de/10012987688
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Quality and Price Setting of High-Tech Goods
Gorodnichenko, Yuriy; Talavera, Oleksandr; Vu, Nam - 2021
This paper investigates the link between product quality and price setting for central processing units (CPUs). Using thousands of price quotes from a popular price-comparison website, we find that market fundamentals, such as the number of sellers, median price, share of convenient prices and...
Persistent link: https://www.econbiz.de/10013250249
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Restaurant Prices and the Minimum Wage
Fougère, Denis - 2009
We examine the effect of the minimum wage on restaurant prices. We contribute to both the study of economic impact of the minimum wage and to the micro patterns of price stickiness. For that purpose, we use a unique dataset of individual price quotes collected to calculate theConsumer Price...
Persistent link: https://www.econbiz.de/10012764170
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Common Ownership of Competing Firms : Evidence from Australia
Leigh, Andrew; Triggs, Adam - 2022
We provide the first estimates of the extent of common ownership of competing firms in Australia. Combining data on market shares and substantial shareholdings, we calculate the impact of common ownership on effective market concentration. Among firms where we can identify at least one owner, 31...
Persistent link: https://www.econbiz.de/10014031162
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Convergence in Institutions and Market Outcomes : Cross-Country and Time-Series Evidence from the BEEPS Surveys in Transition Economies
Mitra, Pradeep; Muravyev, Alexander; Schaffer, Mark E. - 2021
, and later in transition entry and domestic competitive pressure increases. In finance, the increasing reliance on retained …
Persistent link: https://www.econbiz.de/10013324752
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Subsidizing Firm Entry in Open Economies
Pflüger, Michael - 2009
Entrepreneurs who decide to enter an industry are faced with different levels of effective entry costs in different … the government incentive to impact on entry costs, and how entry subsidies can be used strategically in open economies. We … firms where government subsidizes entry of domestic entrepreneurs. Under autarky the entry subsidy indirectly corrects for …
Persistent link: https://www.econbiz.de/10013155605
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Barriers to Entry, Deregulation and Workplace Training
Bassanini, Andrea; Brunello, Giorgio - 2021
We develop a theoretical and empirical analysis of the impact of barriers to entry on workplace training. Our …
Persistent link: https://www.econbiz.de/10013317117
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Entry, Exit and Productivity : Empirical Results for German Manufacturing Industries
Wagner, Joachim - 2007
enter in year t are less productive than incumbent firms in year t. (H3) Surviving firms from an entry cohort were more …
Persistent link: https://www.econbiz.de/10012777270
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Entry Barriers and the Labor Market Outcomes of Incumbent Workers : Evidence from a Deregulation Reform in the German Crafts Sector
Lergetporer, Philipp - 2018
We study the labor market outcomes of a deregulation reform in Germany that removed licensing requirements to become self-employed in some occupations. Using longitudinal social security data, we implement a matched difference-in-differences design with entropy balancing to account for...
Persistent link: https://www.econbiz.de/10012909864
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Firm Size Distortions and the Productivity Distribution : Evidence from France
Garicano, Luis - 2013
We show how size-contingent laws can be used to identify the equilibrium and welfare effects of labor regulation. Our framework incorporates such regulations into the Lucas (1978) model and applies this to France where many labor laws start to bind on firms with exactly 50 or more employees....
Persistent link: https://www.econbiz.de/10013085471