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effect on innovation. We develop a simple "trapped factor" model of innovation that is consistent with these empirical …
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effect on innovation. We develop a simple "trapped factor" model of innovation that is consistent with these empirical …
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Aghion, Van Reenen and Zingales (2013) find that institutional ownership causes an increase in innovation as measured … ownership and innovation is robust in 22% of robustness checks. On average, 2nd stage z-scores were just 42.7% of the original …
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We show how size-contingent laws can be used to identify the equilibrium and welfare effects of labor regulation. Our framework incorporates such regulations into the Lucas (1978) model and applies this to France where many labor laws start to bind on firms with exactly 50 or more employees....
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