Showing 1 - 10 of 1,509
Measures of productivity growth typically include in the Productivity "residual" the impacts of subequilibrium from … productivity growth can be attributed to production characteristics other than technical change, particularly scale economies …
Persistent link: https://www.econbiz.de/10012476055
Using quarterly micro data on capacity utilization among Swedish manufacturing firms, we show that idiosyncratic factors are much more important than aggregate influences in explaining variation in capacity utilization across firms and over time. Idiosyncratic does not mean unpredictable,...
Persistent link: https://www.econbiz.de/10015195046
Allowing for three labor market settings (perfect competition or right-to-manage bargaining, efficient bargaining and monopsony), this paper relies on two extensions of Hallʼs econometric framework for estimating simultaneously price-cost margins and scale economies. Using an unbalanced panel...
Persistent link: https://www.econbiz.de/10012459603
-level productivity and scale effects. I show here that the incorporation of theory-based endogenous markups into AGE models is not … variety (entry), firm scale (productivity), and markups (distortions) to welfare changes differ substantially among the three …
Persistent link: https://www.econbiz.de/10014250198
Might firms' use of data create market power? To explore this hypothesis, we craft a model in which economies of scale in data induce a data-rich firm to invest in producing at a lower marginal cost and larger scale. However, the model uncovers much richer interactions between data, welfare and...
Persistent link: https://www.econbiz.de/10013210050
import-competing firms, that this heightened competitive pressure induces productivity gains among these same firms, and that …
Persistent link: https://www.econbiz.de/10012468750
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 …
Persistent link: https://www.econbiz.de/10012455930
We study the gains from trade in a model with endogenously variable markups. We show that the pro-competitive gains from trade are large if the economy is characterized by (i) extensive misallocation, i.e., large inefficiencies associated with markups, and (ii) a weak pattern of cross-country...
Persistent link: https://www.econbiz.de/10012460618
productivity, ii) exporters charge on average higher markups and iii) firms' markups increase (decrease) upon export entry (exit …).We see these findings as a first step in opening up the productivity-export black box, and provide a potential explanation … for the big measured productivity premia for firms entering export markets …
Persistent link: https://www.econbiz.de/10012463451
productivity shocks raise income dispersion, lower the price elasticity of demand, and increase imperfectly competitive firms …
Persistent link: https://www.econbiz.de/10012464195