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Modern Management : Good for the Environment or Just Hot Air?
Bloom, Nicholas - 2014
We use an innovative methodology to measure management practices in over 300 manufacturing firms in the UK. We then … match this management data to production and energy usage information for establishments owned by these firms. We find that … relation to other factor inputs. This is quantitatively substantial: going from the 25th to the 75th percentile of management …
Persistent link: https://www.econbiz.de/10012751267
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What Drives Differences in Management?
Bloom, Nicholas - 2017
Partnering with the Census we implement a new survey of “structured” management practices in 32,000 US manufacturing … plants. We find an enormous dispersion of management practices across plants, with 40% of this variation across plants within … the same firm. This management variation accounts for about a fifth of the spread of productivity, a similar fraction as …
Persistent link: https://www.econbiz.de/10012959368
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Does Corporate Governance Matter in Competitive Industries?
Giroud, Xavier - 2010
the opportunity for managerial slack. Consistent with the notion that competition mitigates managerial slack, we find that …, firms in competitive industries experience no significant effect. When we examine which agency problem competition mitigates …
Persistent link: https://www.econbiz.de/10012757546
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Life Cycle Annuity Valuation
Bernheim, B. Douglas - 2010
In this paper, we argue that actuarial valuation of annuity benefit streams is theoretically inconsistent with the assumption of pure lifecycle motives. Instead, we show that the simple discounted value of future benefits (ignoring the possibility of death) is often a good approximation to the...
Persistent link: https://www.econbiz.de/10012762969
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Endogenous Product Cycles
Grossman, Gene M.; Helpman, Elhanan - 2021
We construct a model of the product cycle featuring endogenous innovation and endogenous technology transfer. Competitive entrepreneurs in the North expend resources to bring out new products whenever expected present discounted value of future oligopoly profits exceeds current product...
Persistent link: https://www.econbiz.de/10013223071
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The Product Cycle and Inequality
Jovanovic, Boyan - 2021
This paper models the product cycle and explains how it relates to world inequality. In the model, both phenomena arise because skilled people have a comparative advantage in making high-tech products. The model can explain up to a 10:1 income differential between people and up to a 7:1...
Persistent link: https://www.econbiz.de/10013231592
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Quality Ladders and Product Cycles
Grossman, Gene M.; Helpman, Elhanan - 2021
We develop a two-country model of endogenous innovation and imitation in order to study the interactions between these two processes. Firms in the North race to bring out the next generation of a set of technology-intensive products. Each product potentially can be improved a countably infinite...
Persistent link: https://www.econbiz.de/10013235883
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Dynamic Modeling of the Product Life Cycle in the Commercial Mainframe Computer Market, 1968-1982
Greenstein, Shane M.; Wade, James B. - 2021
This research investigates product life cycles in the commercial mainframe computer market. We show that empirical studies conducted at the product level are useful for investigating processes underlying product life cycles. We use hazard models with time-varying covariates to estimate the...
Persistent link: https://www.econbiz.de/10013236809
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Wake Up and Smell the Ginseng : The Rise of Incremental Innovation in Low-Wage Countries
Puga, Diego; Trefler, Daniel - 2021
Increasingly, a small number of low-wage countries such as China and India are involved in innovation -- not `big ideas' innovation, but the constant incremental innovations needed to stay ahead in business. We provide some evidence of this new phenomenon and develop a model in which there is a...
Persistent link: https://www.econbiz.de/10013247281
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Dynamic Commercialization Strategies for Disruptive Technologies : Evidence from the Speech Recognition Industry
Marx, Matt - 2015
When startup innovation involves a potentially disruptive technology - initially lagging in the predominant performance metric, but with a potentially favorable trajectory of improvement - incumbents may be wary of engaging in cooperative commercialization with the startup. While the prevailing...
Persistent link: https://www.econbiz.de/10013034526