aggregation problem introduces a bias into standard measures of firm productivity. We develop a theoretical model of heterogeneous …

The productivity of firms is, at least partly, determined by a firm’s actions and decisions. One of these decisions … endogenous response of revenue-based and quantity-based productivity to a change in layers: a firm reorganization. We show that … as a result of an exogenous demand or productivity shock that makes the firm reorganize and add a management layer …

aggregation problem introduces a bias into standard measures of firm productivity. We develop a theoretical model of heterogeneous …

The productivity of firms is, at least partly, determined by a firm's actions and decisions. One of these decisions … endogenous response of revenue-based and quantity-based productivity to a change in layers: a firm reorganization. We show that … as a result of an exogenous demand or productivity shock that makes the firm reorganize and add a management layer …

The productivity of firms is, at least partly, determined by a firm's actions and decisions. One of these decisions … endogenous response of revenue-based and quantity-based productivity to a change in layers: a firm reorganization. We show that … as a result of an exogenous demand or productivity shock that makes the firm reorganize and add a management layer …

, measured firm productivity will reflect both true differences in productivity and non-random decisions about which products to … to characterize the direction and magnitude of the resulting bias in productivity and to trace the implications for … provides a new source of reallocation and leads to biased measures of deregulation’s impact on firm and aggregate productivity …