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The concept of efficiency in groups postulates that a coalition of firms has to record a smaller distance toward the aggregate technology frontier compared with the sum of individual distances. Efficiency analysis (either allocative or technical) is defined with respect to cooperative firm game...
Persistent link: https://www.econbiz.de/10011097828
The rapid growth of the US financial sector has driven policy debate on whether it is socially desirable. I propose a heterogeneous agent model with asymmetric information and matching frictions that produces a tradeoff between finance and entrepreneurship. By becoming bankers, talented...
Persistent link: https://www.econbiz.de/10011098186
use a dynamic model to measure the impact of large entrants on productivity, allowing for a controlled productivity …, we find that incumbents' productivity increase after large entry and that the magnitude of the increase declines with the … productivity of incumbents. Our findings highlight that large entrants play a crucial role in driving productivity growth. …
Persistent link: https://www.econbiz.de/10011098215
productivity-enhancing channel of transmission and the effect this has on the gender wage gap, as well as on the endogeneity of …
Persistent link: https://www.econbiz.de/10011098265
We investigate the effects on individuals’ productivity (captured through their wage income) of two social networks in … community most affects an individual’s productivity. We distinguish between individuals engaged in “creative” and “non creative … neighborhoods do matter for individuals’ productivity, although the effect is stronger for noncreatives. For both creatives and …
Persistent link: https://www.econbiz.de/10011098759
A semi-parametric approach is used to estimate firm propensity to exit. The unobserved individual productivity of a …
Persistent link: https://www.econbiz.de/10011098780
We provide a comparative cross-country analysis of individual age-wage proles for different health statuses. Using semi-parametric regressions run on EU-SILC data we aim at answering the question on the relationship b etween individual health and pro ductivity and its changes in the life cycle,...
Persistent link: https://www.econbiz.de/10011099260
forward in the conceptualisation of service output, the measurement of service productivity and the account of technical … change in affecting productivity in services that might have occurred. An agenda for both innovation and service scholars is …
Persistent link: https://www.econbiz.de/10011099294
I consider an economy growing along the balanced growth path that is hit by an adverse shock to its capital accumulation process. The model integrates efficiency wages due to imperfect monitoring of the quality of labour in a search and matching framework with methods of dynamic general...
Persistent link: https://www.econbiz.de/10011099655
include ICT investment and R&D as the two main inputs of innovation and productivity. We find that R&D and ICT are both … strongly associated with innovation and productivity, with R&D being more important for innovation and ICT for productivity. We …
Persistent link: https://www.econbiz.de/10011099695