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Accounting for the Evolution of China's Production and Trade Patterns
Huang, Hanwei; Ju, Jiandong; Yue, Vivian Z. - National Bureau of Economic Research - 2024
This paper studies the evolution of China's production and trade patterns during its integration into the global … economy. We document and explain new facts concerning changes in production and exports at the industry and firm levels using … that capital deepening made China's production and exports more capital-intensive, although labor-biased productivity …
Persistent link: https://www.econbiz.de/10014544694
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Are Supply Networks Efficiently Resilient?
Capponi, Agostino; Du, Chuan; Stiglitz, Joseph E. - National Bureau of Economic Research - 2024
production capacity to hedge against supply and demand shocks. But the social benefits of such investments are not internalized …
Persistent link: https://www.econbiz.de/10014512075
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Intangible Marketing Capital
Bronnenberg, Bart J.; Dubé, Jean-Pierre H.; Syverson, Chad - National Bureau of Economic Research - 2022
We present several empirical facts about trends in marketing investment in the US. We also present estimates of the private value of brands to firms and aggregate intangible brand capital stocks created by these investments. These investments include the creation and maintenance of a brand name...
Persistent link: https://www.econbiz.de/10013334364
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Growth and Risk : A View from International Trade
Krishna, Pravin; Levchenko, Andrei A.; Ma, Lin; … - National Bureau of Economic Research - 2023
This paper studies the cross-country patterns of risky innovation and growth through the lens of international trade. We use a simple theoretical framework of risky quality upgrading by firms under varying levels of financial development to derive two predictions. First, the mean rate of quality...
Persistent link: https://www.econbiz.de/10014226112
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Tail Risk in Production Networks
Dew-Becker, Ian - National Bureau of Economic Research - 2022
downstream closeness to final production. The paper then uses the results to analyze the determinants of total tail risk in the …This paper describes the response of the economy to large shocks in a nonlinear production network. While arbitrary … shock to the sector - a measure of the systemic risk of each sector. Tail centrality is theoretically and empirically very …
Persistent link: https://www.econbiz.de/10013388835
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The Cost of Uncertainty about the Timing of Social Security Reform
Caliendo, Frank N. - 2015
We develop a model to study optimal decision making in the face of uncertainty about the timing and structure of a future event. The model is used to study optimal decision making and welfare when individuals face uncertainty about when and how Social Security will be reformed. When individuals...
Persistent link: https://www.econbiz.de/10012457084
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Techies and Firm Level Productivity
Harrigan, James; Reshef, Ariell; Toubal, Farid - National Bureau of Economic Research - 2023
We study the impact of techies--engineers and other technically trained workers--on firm-level productivity. We first report new facts on the role of techies in the firm by using French administrative data and unique surveys. Techies are STEM-skill intensive and are associated with innovation,...
Persistent link: https://www.econbiz.de/10014322729
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Common Ownership, Competition, and Top Management Incentives
Anton, Miguel; Ederer, Florian; Giné, Mireia; Schmalz, … - National Bureau of Economic Research - 2022
We present a mechanism based on managerial incentives through which common ownership affects product market outcomes. Firm-level variation in common ownership causes variation in managerial incentives and productivity across firms, which leads to intra-industry and intra-firm cross-market...
Persistent link: https://www.econbiz.de/10013477278
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Dynamic Price Competition : Theory and Evidence from Airline Markets
Hortaçsu, Ali; Oery, Aniko; Williams, Kevin R. - National Bureau of Economic Research - 2022
We introduce a model of oligopoly dynamic pricing where firms with limited capacity face a sales deadline. We establish conditions under which the equilibrium is unique and converges to a system of differential equations. Using unique and comprehensive pricing and bookings data for competing...
Persistent link: https://www.econbiz.de/10013362001
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Probabilistic Prediction for Binary Treatment Choice : with Focus on Personalized Medicine
Manski, Charles F. - National Bureau of Economic Research - 2021
This paper extends my research applying statistical decision theory to treatment choice with sample data, using maximum regret to evaluate the performance of treatment rules. The specific new contribution is to study as-if optimization using estimates of illness probabilities in clinical choice...
Persistent link: https://www.econbiz.de/10012660036