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logistics services in administrative data using the universe of social security records in Germany. We document a dramatic … growth of domestic outsourcing in Germany since the early 1990s. Event-study analyses show that wages in outsourced jobs fall …
Persistent link: https://www.econbiz.de/10012457302
This paper explores the role of knowledge flows and productivity growth by linking direct survey data on knowledge flows to firm-level data on TFP growth. Our data measure the information flows often considered important, especially by policy-makers, such as from within the firm and from...
Persistent link: https://www.econbiz.de/10012464694
Producer services such as managerial and engineering consulting can provide domestic firms with the substantial benefits of specialized knowledge that would be costly in terms of both time and money for domestic firms to develop on their own. These intermediate services are often non-traded, or...
Persistent link: https://www.econbiz.de/10012471061
In this paper, we provide a theoretical characterization of the welfare effects of buyer and seller power in vertical relations and introduce an empirical approach for quantifying the contributions of each channel to deadweight loss. Our model accommodates both monopsony distortions from buyer...
Persistent link: https://www.econbiz.de/10015195017
Using a detailed dataset of hospitals' purchase orders, we find that information on purchasing by peer hospitals leads to reductions in the prices hospitals negotiate for supplies. Identification is based on staggered access to information across hospitals over time. Within coronary stents,...
Persistent link: https://www.econbiz.de/10012456635
firm's marginal production costs. We test the theory by exploiting the opening of a high-speed (Shinkansen) train line in …
Persistent link: https://www.econbiz.de/10012457584
Why do developing countries fail to specialize in products in which they appear to have a comparative advantage? We propose a model of agricultural trade with intermediation that explains how hold-up resulting from poor contracting environments can produce such an outcome. We use the model to...
Persistent link: https://www.econbiz.de/10012458035
We propose a network model of firm volatility in which the customers' growth rate shocks influence the growth rates of their suppliers, larger suppliers have more customers, and the strength of a customer-supplier link depends on the size of the customer firm. Even though all shocks are i.i.d.,...
Persistent link: https://www.econbiz.de/10012459196
We analyze a model where investors use a credit rating to decide whether to finance a firm. The rating quality depends on unobservable effort exerted by a credit rating agency (CRA). We study optimal compensation schemes for the CRA when a planner, the firm, or investors order the rating. Rating...
Persistent link: https://www.econbiz.de/10012459738
. The implications of the theory both for measurement and government policy are examined …
Persistent link: https://www.econbiz.de/10012462086