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The aggregate labor share in U.S. manufacturing declined dramatically over the last three decades: Since the mid-1980's, the compensation for labor declined from 67% to 47% of value added which is unseen in any other sector of the U.S. economy. The labor share of the typical U.S. manufacturing...
Persistent link: https://www.econbiz.de/10011688202
Employment growth is strongly predicted by smaller average establishment size, both across cities and across industries within cities, but there is little consensus on why this relationship exists. Traditional economic explanations emphasize factors that reduce entry costs or raise...
Persistent link: https://www.econbiz.de/10013039335
We build a model of firm entry and exit and show how returns to scale shape firm survival, the equilibrium productivity … and size distributions and firm concentration. High productivity dispersion and high concentration ratios need not reflect … productivity dispersion across establishments. Indeed, industries with lower returns to scale are characterized by higher …
Persistent link: https://www.econbiz.de/10012970040
Using panel data for nearly all service providers in a single industry sector, we examine productivity responses to … interest in maximising productivity. Ours is the first study to measure service industry productivity using both price and … Productivity (TFP) than incumbents. Increased competition from new entrants leads incumbents to reduce the price of union …
Persistent link: https://www.econbiz.de/10012139524
on competition, and therefore on business dynamism, productivity and ultimately well-being. A recent update of the OECD … in turn increases the purchasing power of low-income households and reduces poverty. By raising productivity, stronger …
Persistent link: https://www.econbiz.de/10012304414
Using panel data for nearly all service providers in a single industry sector, we examine productivity responses to … interest in maximising productivity. Ours is the first study to measure service industry productivity using both price and … Productivity (TFP) than incumbents. Increased competition from new entrants leads incumbents to reduce the price of union …
Persistent link: https://www.econbiz.de/10012858478
Because heterogenous and unknown shareholder utility functions make it difficult to define a corporate objective common to all shareholders based on utility, the traditional theory of the firm concentrates on wealth maximization as the main measure of performance. Using the concept of ranked...
Persistent link: https://www.econbiz.de/10012992610
We develop a model of entrepreneurial innovation for entry and sale into oligopoliessuitable for welfare analysis. We show that the expected consumer welfare can be higherunder commercialization by sale than under commercialization by entry despite increasedmarket power in the product market....
Persistent link: https://www.econbiz.de/10014186478
Publication productivity, as measured by the number of papers, has been regarded as one of the main indicators of … Wide Web in ASEAN countries is still unclear. The main intention of this study was to identify publication productivity … productivity. Moreover, a positive and significant relationship was observed between indices, GDP and internet usage for these …
Persistent link: https://www.econbiz.de/10014147427