Similar Search Results

Brand reallocation and market concentration

Pearce, Jeremy; Wu, Liangjie - 2024

We study the interaction of customer capital and productivity through brand reallocation across firms. We develop a firm dynamics model with brands as transferable customer capital, heterogeneous firm productivity, and variable markups. We study the matching process between transferable brand...

Persistent link: https://www.econbiz.de/10015062505

Need for speed : quality of innovations and the allocation of inventors

Caicedo, Santiago; Pearce, Jeremy - 2024

This paper studies how the speed-quality tradeoff in innovation interacts with firm dynamics, concentration, and … economic growth. Empirically, we document long-run trends in the increasing speed of innovation alongside declining quality at … innovation and spillovers from heterogeneous innovations. We quantify the model to link firms' decisions across speed and quality …

Persistent link: https://www.econbiz.de/10015076064

Congestion in onboarding workers and sticky R&D

Bloesch, Justin; Weber, Jacob P. - 2023

R&D investment spending exhibits a delayed and hump-shaped response to shocks. We show in a simple partial equilibrium model that rapidly adjusting R&D investment is costly if the probability of converting new hires into productive R&D workers ("onboarding") is decreasing in the number of new...

Persistent link: https://www.econbiz.de/10014425856

Working remotely? : selection, treatment, and the market for remote work

Emanuel, Natalia; Harrington, Emma - 2023

How does remote work affect productivity and how productive are workers who choose remote jobs? We estimate both effects in a U.S. Fortune 500 firm's call centers that employed both remote and on-site workers in the same jobs. Prior to COVID-19, remote workers answered 12 percent fewer calls per...

Persistent link: https://www.econbiz.de/10014283630

Gender and dynamic agency : theory and evidence on the compensation of top executives

Albanesi, Stefania; Olivetti, Claudia; Prados, María José - 2015

We document three new facts about gender differences in executive compensation. First, female executives receive a lower share of incentive pay in total compensation relative to males. This difference accounts for 93 percent of the gender gap in total pay. Second, the compensation of female...

Persistent link: https://www.econbiz.de/10010500689

Accounting for breakout in Britain : the industrial revolution through a Malthusian lens

Tepper, Alexander; Borowiecki, Karol Jan - 2013

This paper develops a simple dynamic model to examine the breakout from a Malthusian economy to a modern growth regime. It identifies several factors that determine the fastest rate at which the population can grow without engendering declining living standards; this is termed maximum...

Persistent link: https://www.econbiz.de/10010201281

Lights, camera...income! : estimating poverty using national accounts, survey means, and lights

Pinkovskiy, Maxim; Sala-i-Martin, Xavier - 2014

In this paper, we try to understand whether measures of GDP per capita taken from the national accounts or measures of mean income or consumption derived from household surveys better proxy for true income per capita. We propose a data-driven method to assess the relative quality of GDP per...

Persistent link: https://www.econbiz.de/10010393216

Credit quantity and credit quality : bank competition and capital accumulation

Cetorelli, Nicola; Peretto, Pietro F. - 2009

This paper shows that bank competition has an intrinsically ambiguous effect on capital accumulation and economic growth. We further demonstrate that banking market structure can be responsible for the emergence of development traps in economies that would otherwise be characterized by unique...

Persistent link: https://www.econbiz.de/10003864581

Small firms' formalization : the stick treatment

De Giorgi, Giacomo; Ploenzke, Matthew; Rahman, Aminur - 2015

Firm informality is pervasive throughout the developing world, and Bangladesh is no exception. The informal status of many firms substantially reduces the tax basis and therefore affects the provision of public goods. The literature on encouraging formalization has focused predominantly on...

Persistent link: https://www.econbiz.de/10010519222

Management and firm dynamism

Bloom, Nicholas; Hartley, Jonathan S.; Sadun, Raffaella; … - 2025

We show better-managed firms are more dynamic in plant acquisitions, disposals, openings, and closings in U.S. Census and international data. Better-managed firms also birth better-managed plants and improve the performance of the plants they acquire. To explain these findings, we build a model...

Persistent link: https://www.econbiz.de/10015424113