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We provide a new model that generates persistent performance differences amongst seemingly similar enterprises. Our model provides a mechanism whereby efficient incumbent rivals can give permission for an inefficient firm to exist in the presence of efficient entrants. We demonstrate that, in a...
Persistent link: https://www.econbiz.de/10013047026
I study how ownership consolidation affects productivity and market power in both factor and product markets. I develop … a model to separately identify markups, markdowns, and productivity using production and cost data. I use the model to … consolidation was defended as a means to spur productivity growth, I find that it actually lowered aggregate productivity …
Persistent link: https://www.econbiz.de/10013241340
The inability to measure the opportunity cost of labor has plagued analyses of firm-level compensation policies for many years. Using a newly constructed data set of French workers and firms, we estimate the opportunity cost of the employees' time based on a measure of the person-effect in the...
Persistent link: https://www.econbiz.de/10013252312
In this paper, I investigate the welfare effects that developed countries experience after productivity improvements … asymmetries in technology. I model the technology advantage of the developed country, assuming that the productivity distribution … statistics of the US economy, the model predicts that the country with better technology has a higher productivity cut-off level …
Persistent link: https://www.econbiz.de/10013034576
-country model of international trade and endogenous productivity growth. Knowledge spillovers link firm-level productivity in …
Persistent link: https://www.econbiz.de/10012793522
determinants of cross-country differences in the persistence of productivity differentials Specifically, we focus on the effects of … convergence rates. Consistent with theories, the persistence of productivity differentials is found to be positively correlated …, productivity convergence appears to be enhanced by human capital but deterred by government spending …
Persistent link: https://www.econbiz.de/10013320875
This paper reviews recent studies on the links between competition, innovation and productivity growth in the long run …
Persistent link: https://www.econbiz.de/10012446761
In the past several decades, the U.S. economy has witnessed a number of striking trends that indicate a rising market concentration and a slowdown in business dynamism. In this paper, we make an attempt to understand potential common forces behind these empirical regularities through the lens of...
Persistent link: https://www.econbiz.de/10012104132