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productivity change when cyclical employment changes is roughly consistent with postwar U.S. data. Firms with market power are … search. When employment increases as a result of reductions in market power, the marginal product of labor falls. This fall …
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Many papers have been written about the effect of firm size on innovativeness, revealing a positive, a negative or a mixed impact. To this day, the so-called Schumpeterian hypothesis of the above-average innovativeness of large firms has been neither confirmed nor rejected, often because of...
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