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The Greatest Architects of the Twentieth Century : Goals, Methods, and Life Cycles
Galenson, David W. - 2008
A survey of textbooks reveals that Le Corbusier was the greatest architect of the twentieth century, followed by Frank Lloyd Wright and Ludwig Mies van der Rohe. The same evidence shows that the greatest architects alive today are Frank Gehry and Renzo Piano. Scholars have long been aware of the...
Persistent link: https://www.econbiz.de/10012770877
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Innovators : Architects
Galenson, David W. - 2010
Frank Lloyd Wright, Le Corbusier, and Frank Gehry were experimental architects: all worked visually, and arrived at their designs by discovering forms as they sketched. Their styles evolved gradually over long periods, and all three produced the buildings that are generally considered their...
Persistent link: https://www.econbiz.de/10013148856
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Regulating Bidder Participation in Auctions
Bhattacharya, Vivek - 2013
Regulating bidder participation in auctions can potentially increase efficiency compared to standard auction formats with free entry. We show that the relative performance of two such mechanisms, a standard first-price auction with free entry and an entry rights auction, depends...
Persistent link: https://www.econbiz.de/10013077223
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Misallocation, Economic Growth, and Input-Output Economics
Jones, Charles I. - 2011
One of the most important developments in the growth literature of the last decade is the enhanced appreciation of the role that the misallocation of resources plays in helping us understand income differences across countries. Misallocation at the micro level typically reduces total factor...
Persistent link: https://www.econbiz.de/10013130964
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Resource Allocation within Firms and Financial Market Dislocation : Evidence from Diversified Conglomerates
Matvos, Gregor - 2011
allocation within firms' internal capital markets provides an important force countervailing financial market dislocation. Using … capital funds quadruple during extreme financial market dislocations, making resource allocation within firms significantly … counterfactual out of sample simulated data is remarkably consistent with the actual data and shows that improved resource allocation …
Persistent link: https://www.econbiz.de/10013117120
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Productivity Volatility and the Misallocation of Resources in Developing Economies
Collard-Wexler, Allan - 2011
We investigate the role of dynamic production inputs and their associated adjustment costs in shaping the dispersion of total factor productivity (TFP) and static measures of capital misallocation within a country. Using data on 5,010 establishments in 33 developing countries from the World...
Persistent link: https://www.econbiz.de/10013122876
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Capital and Labor Reallocation Inside Firms
Giroud, Xavier - 2012
We document how a plant-specific shock to investment opportunities at one plant of a firm ("treated plant") spills over to other plants of the same firm--but only if the firm is financially constrained. While the shock triggers an increase in investment and employment at the treated plant, this...
Persistent link: https://www.econbiz.de/10013096857
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Misallocation and Financial Frictions : Some Direct Evidence from the Dispersion in Borrowing Costs
Gilchrist, Simon - 2012
Financial frictions distort the allocation of resources among productive units--all else equal, firms whose financing …
Persistent link: https://www.econbiz.de/10013097772
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Slow Recoveries : A Structural Interpretation
Galí, Jordi - 2012
An analysis of the performance of GDP, employment and other labor market variables following the troughs in postwar U.S. business cycles points to much slower recoveries in the three most recent episodes, but does not reveal any significant change over time in the relation between GDP and...
Persistent link: https://www.econbiz.de/10013106308
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Misallocation and Productivity Effects of the Smoot-Hawley Tariff
Bond, Eric W. - 2012
Using a newly created microeconomic archive of U.S. imports at the tariff-line level for 1930-33, we construct industry-level tariff wedges incorporating the input-output structure of U.S. economy and the heterogenous role of imports across sectors of the economy. We use these wedges to show...
Persistent link: https://www.econbiz.de/10013107018