This paper investigates competition in the Dutch manufacturing sector. We look at various indicators that have been … productivity growth are calculated at both the firm and industry level. This enables us to investigate differences in competition … and in its relation with productivity for both aggregation levels. Our results indicate that contemporaneous competition …

turbulent macro environment, but a result of more heterogeneity among production units. In this sense, the Great Moderation is …

can be replicated at a cost (e.g. patent fee or training costs). A basic model of production is developed which involves … production sector and training or replication sector (which produces skills). Using a 2 period production model, the paper finds …-investment periods, a higher share of investment goes to physical capital while a lower share of skills goes into production sector …

. The classical approach to the formation of an optimal production program based on mathematical methods for linear …

the division of work (i.e., the allocation of tasks in the production process) and not the division of labor (i.e., worker …

and show that innovations created by ordinary workers are indispensable for efficient production. A production function … incorporating workers’ innovations is shown to have a Cobb-Douglas functional form with a labor share of about 70%. The production … function offers a microfoundation of the Cobb-Douglas production function and more importantly indicates that heterogeneous …