distorts incentives. I assume that employment contracts are incomplete. In the model cooperative members pay in a capital … function of output. If the median member has less than average ability, the cooperative will vote for a redistributive schedule …, cooperative members will be reluctant to leave, since this entails forfeiting the dividends on their capital contribution. The …

sector ownership has no independent impact on productivity growth. The finding that ownership per se does not matter, but …

-level productivity. We also examine whether M&As increase efficiency through reallocation of production to more efficient plants or …Study of the impact of mergers and acquisitions (M&As) on productivity and market power has been complicated by the … difficulty of separating these two effects. We use newly-developed techniques to separately estimate productivity and markups …

. The implications of the theory both for measurement and government policy are examined …

and countercyclical exit along a real business cycle lead to endogenous cyclical movements in average firm productivity … efficiency and affect the propagation of exogenous technological shocks. Numerical analysis suggests that existing models with … involve less efficiency firms whose impact on aggregate economic activity is hampered by their smaller size …

volatility is the variation in Revenue Total Factor Productivity which is not explained by either industry- or economy …

. Globalization is shown to induce heterogeneous responses across firms in terms of scope and productivity, some of which are …

between firm productivity and the level of its R&D invespments. In the time dimension, using deviations from fire means as … the lag structure of the effects of R&D on productivity. These effects are apparently highly variable, both in timing and …