on the efficiency of resource allocation. Our results suggest that there is an economically and statistically robust …, stringent regulations are more disruptive to resource allocation in more innovative sectors, though the nature of innovation …

high-quality firms, who under-produce in the market allocation. Furthermore, the fixed cost generates a positive externality …

This paper argues that regional variation in the efficiency of labor allocation among German manufacturing plants plays …-West productivity gap is associated with a less efficient labor allocation in former East Germany. Yet, we also demonstrate that the … suggest that regional productivity differences could be substantially narrowed by a more efficient labor allocation among …