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Collusion is widely condemned for its negative effects on consumer welfare and market efficiency. In this paper, I show that collusion may also in some cases facilitate the creation of unexpected new sources of value. I bring this possibility into focus through the lens of a historical episode...
Persistent link: https://www.econbiz.de/10012480205
The North Dakota Railroad War of 1905, which pitted a potential entrant (the Soo Line) against an established monopolist incumbent (the Great Northern Railway), offers a lucid empirical example of strategic behavior, and in particular the potential for entry deterrence through product...
Persistent link: https://www.econbiz.de/10014576577
. Farmers responded to the shrinking transportation wedge and rising revenue productivity by rapidly expanding the area under …
Persistent link: https://www.econbiz.de/10012463129
, productivity is higher. The probabilistic matching model of Diamond, Mortensen, and others provides a way to make the idea of …
Persistent link: https://www.econbiz.de/10012471607
In principle, firms in developing countries benefit from the fact that advanced technologies and products have already been developed in industrialized countries and can simply be adopted, a process often referred to as industrial upgrading. But for many firms this advantage remains elusive....
Persistent link: https://www.econbiz.de/10012696370
, and the effects of different investment profiles on total factor productivity growth on Dutch firm-level data. We estimate … an integrated model of investment profile adoption and total factor productivity growth. We find that the three …
Persistent link: https://www.econbiz.de/10012480697
empirical literature discussing the productivity effects of Chinese SOE enterprise reform, and wider policy discussion of the …
Persistent link: https://www.econbiz.de/10012465882
restructuring process and that this is associated with the tight financial-market conditions that follow. This productivity cost of …
Persistent link: https://www.econbiz.de/10012470894
Beginning in 2008, we ran a randomized controlled trial that changed management practices in a set of Indian weaving firms (Bloom et al. 2013). In 2017 we revisited the plants and found three main results. First, while about half of the management practices adopted in the original experimental...
Persistent link: https://www.econbiz.de/10012453465
The productivity of firms is, at least partly, determined by a firm's actions and decisions. One of these decisions … endogenous response of revenue-based and quantity-based productivity to a change in layers: a firm reorganization. We show that … as a result of an exogenous demand or productivity shock that makes the firm reorganize and add a management layer …
Persistent link: https://www.econbiz.de/10012456859