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A Retrospective Look at Rescuing and Restructuring General Motors and Chrysler
Goolsbee, Austan D. - 2015
This paper takes a retrospective look at the U.S. government's effort to rescue and restructure General Motors and Chrysler in the midst of the 2009 economic and financial crisis. The paper describes how two of the largest industrial companies in the world came to seek a bailout from the U.S....
Persistent link: https://www.econbiz.de/10013026801
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Autos and the National Industrial Recovery Act : Evidence on Industry Complementarities
Cooper, Russell; Haltiwanger, John - 2021
introductions and the annual automobile show as a means of regularizing employment in the industry. After documenting key features …
Persistent link: https://www.econbiz.de/10013239961
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Breaking the Spell with Credit-Easing : Self-Confirming Credit Crises in Competitive Search Economies
Gaballo, Gaetano - 2016
We show that credit crises can be Self-Confirming Equilibria (SCE), which provides a new rationale for policy interventions like, for example, the FRB's TALF credit-easing program in 2009. We introduce SCE in competitive credit markets with directed search. These markets are efficient when...
Persistent link: https://www.econbiz.de/10012998414
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Auto Dealer Loan Intermediation : Consumer Behavior and Competitive Effects
Salz, Tobias; Grunewald, Andreas; Low, David; Lanning, … - 2022
This paper studies the intermediation of auto loans through auto dealers using new and comprehensive administrative data. The arrangements between auto dealers and lenders incentivize dealers to increase loan prices. We leverage details of the corresponding contracts to demonstrate that many...
Persistent link: https://www.econbiz.de/10013406873
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Industrial Policy and Competition
Aghion, Philippe - 2012
Using a comprehensive dataset of all medium and large enterprises in China between 1998 and 2007, we show that industrial policies allocated to competitive sectors or that foster competition in a sector increase productivity growth. We measure competition using the Lerner Index and include as...
Persistent link: https://www.econbiz.de/10013106960
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Profitability, Employment and Structural Adjustment in France
Kouri, Pentti J.K; Braga de Macedo, Jorge; Viscio, Albert J. - 2021
decline of profitability and employment in manufacturing, and simulated using annual data from 1950 to 1979. The wage …
Persistent link: https://www.econbiz.de/10013235895
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Changes in the Relative Structure of Wages and Employment : A Comparison of the United States, Canada, and France
Card, David - 2010
Standard models suggest that adverse labor demand shocks will lead to bigger employment losses if institutional factors … explains the contrast between the United States, where real wages fell over the 1980s and aggregate employment expanded … vigorously, and Europe, where real wages were (roughly) constant and employment was stagnant. We test this hypothesis by …
Persistent link: https://www.econbiz.de/10013141509
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The Evolution of Gender Gaps in Industrialized Countries
Olivetti, Claudia - 2016
differences in pay and employment seem remarkably persistent. This paper documents long-run trends in female employment, working …
Persistent link: https://www.econbiz.de/10013001210
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Spill-Overs from Good Jobs
Beaudry, Paul - 2010
pressure cause a reallocation of employment toward the most efficient firms …
Persistent link: https://www.econbiz.de/10012760221
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Estimation of Random Coefficient Demand Models : Challenges, Difficulties and Warnings
Knittel, Christopher R. - 2008
Empirical exercises in economics frequently involve estimation of highly nonlinear models. The criterion function may not be globally concave or convex and exhibit many local extrema. Choosing among these local extrema is non-trivial for a variety of reasons. In this paper, we analyze the...
Persistent link: https://www.econbiz.de/10012771595