productivity shocks raise income dispersion, lower the price elasticity of demand, and increase imperfectly competitive firms …

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 …-level productivity. We also examine whether M&As increase efficiency through reallocation of production to more efficient plants or …

in labor productivity and the degree of returns to scale. We organize our investigation around five questions that we …

Typically measures of multifactor productivity growth have been based on a production and optimization framework that … utilization indexes, and on the adjustment of observed productivity measures for the effects of short run fixity characterized by … capacity utilization adjustments for productivity growth measures. The resulting framework is then used to identify empirically …

Productivity rises in booms and falls in recessions. There are four main explanations for this procyclical productivity … procyclical productivity as an essential feature of business cycles because each explanation has important implications for … utilization and resource reallocations are particularly important in explaining procyclical productivity. We also argue that the …

adjust traditional measures of multi factor productivity growth for variations in short-run utilization …

productivity residuals in the United States and Canada. Using data on 19 manufacturing industries, we study the behavior of … productivity using three proxies for capital services. We find that adjusting for cyclical movements in capital utilization alters … many of the empirical characteristics of productivity, both within and across countries …

Productivity reflects not only how efficiently inputs are transformed into outputs, but also how well information is …