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Measuring Economic Efficiency Using Inverse-Optimum Weights
Hendren, Nathaniel - 2014
This paper provides a method to measure the traditional Kaldor-Hicks notion of “economic efficiency” when taxes affect … behavior. In contrast to traditional unweighted surplus, measuring efficiency requires weighting individual benefits (or … results suggest that measuring economic efficiency requires weighting surplus accruing to the poor roughly 1.5-2 times more …
Persistent link: https://www.econbiz.de/10013049692
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Alternative Compensation Arrangements and Productive Efficiency in Partnerships : Evidence from Medical Group Practice
Gaynor, Martin; Pauly, Mark V. - 2021
production, as theory has hypothesized. The number of members in a group decreases both the quantity produced and the efficiency … arrangements on productive efficiency in medical group practices. The technique employed is two-stage production frontier … estimation. This technique provides direct estimates of productive efficiency and allows for differences across agents in ability …
Persistent link: https://www.econbiz.de/10013224695
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Permission to Exist
Byford, Martin C. - 2014
We provide a new model that generates persistent performance differences amongst seemingly similar enterprises. Our model provides a mechanism whereby efficient incumbent rivals can give permission for an inefficient firm to exist in the presence of efficient entrants. We demonstrate that, in a...
Persistent link: https://www.econbiz.de/10013047026
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Export Dynamics in Colombia : Firm-Level Evidence
Eaton, Jonathan - 2007
Using transactions-level customs data from Colombia, we study firm-specific export patterns over the period 1996-2005. Our data allow us to track firms' entry and exit into and out of individual destination markets, as well as their revenues from selling there. We find that, in a typical year,...
Persistent link: https://www.econbiz.de/10012775737
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Leverage Over the Life Cycle and Implications for Firm Growth and Shock Responsiveness
Dinlersoz, Emin - 2018
We study the leverage of U.S. firms over their life-cycles, and the connection between firm leverage, firm growth, and aggregate shocks. We construct a new dataset that combines private and public firms' balance sheets with firm-level data from U.S. Census Bureau's Longitudinal Business Database...
Persistent link: https://www.econbiz.de/10012908468
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Capital Market Financing, Firm Growth, Firm Size Distribution
Didier, Tatiana - 2014
Which firms issue equity and debt in domestic and international markets and what happens to their assets, sales, and number of employees? To answer these questions, we assemble a new dataset on firm-level capital raising activity during 1991-2011, which we match with firm attributes for 45,527...
Persistent link: https://www.econbiz.de/10013050155
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Foreign Owners and Plant Survival
Bernard, Andrew B.; Sjoholm, Fredrik - 2021
In recent years, international capital flows of all types have increased dramatically and most governments have been actively encouraging inflows of direct investment. However, concerns remain that reliance on foreign multinationals may be a risky development strategy as foreign firms are likely...
Persistent link: https://www.econbiz.de/10013224697
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Management Ownership and Corporate Performance : an Empirical Analysis
Morck, Randall; Shleifer, Andrei; Vishny, Robert W. - 2021
We investigate the relation between management ownership and corporate performance, as measured by Tobin's Q. In a cross-section of Fortune 500 firms, Tobin's Q first increases and then declines as board of directors holdings rise. For older firms there is weak evidence that Q is lower when a...
Persistent link: https://www.econbiz.de/10013247279
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Markups and Firm-Level Export Status
De Loecker, Jan - 2010
Estimating markups has a long tradition in industrial organization and international trade. Economists and policy makers are interested in measuring the effect of various competition and trade policies on market power, typically measured by markups. The empirical methods that were developed in...
Persistent link: https://www.econbiz.de/10013151809
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Understanding the Role of Time-Varying Unobserved Ability Heterogeneity in Education Production
Ding, Weili - 2014
Unobserved ability heterogeneity has long been postulated to play a key role in human capital development. Traditional strategies to estimate education production functions do not allow for varying role or development of unobserved ability as a child ages. Such restrictions are highly...
Persistent link: https://www.econbiz.de/10013057830