's (1982) model of learning in a setting where each firm gradually learns about its own productivity, and each occasionally …

aggregate output and productivity and highlight indirect general equilibrium effects. To do so, we build a model of … cleansing effect reinforces the direct effect by enhancing the aggregate productivity. However, the number of firms in operation … decreases in equilibrium, and this, in turn, depresses the aggregate productivity. …

Following Hsieh and Klenow (2009), this paper studies productivity dispersions in Colombian industrial establishments … manufacturing Total Factor Productivity (TFP) of approximately 3-8 percent and TPF is positively correlated with exporting status … in 1991 is associated with an increase in plant productivity levels for firms that export goods. The 1990 reform that …

In this paper we provide firm-level evidence on the role of resource misallocation for total factor productivity … capital/labor productivity build up more capital/labor and that financial constraints play a significant role, especially in …

Many water allocation agreements in transboundary river basins are inherently unstable. Due to stochastic river flow …, agreements may be broken in case of drought. The objective of this paper is to analyse whether water allocation agreements can be … self-enforcing. An agreement is modelled as the outcome of bargaining game on river water allocation. Given this agreement …