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Tournament theory (Lazear and Rosen, 1981) predicts that effort supplied in contests varies with the incentive …
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industries. Over the same period, productivity gains from reallocation accounted for 50% of European productivity growth and … with changes in productivity and allocative efficiency. This holds across most sectors and countries and supports the …
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industries. Over the same period, productivity gains from reallocation accounted for 50% of European productivity growth and … with changes in productivity and allocative efficiency. This holds across most sectors and countries and supports the …
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