Hendel, Igal; Spiegel, Yossi - In: American Economic Journal: Applied Economics 6 (2014) 1, pp. 73-90
We document the evolution of productivity in a steel mini mill with fixed capital, producing an unchanged product with Leontief technology working 24/7. Despite?almost?unchanged production conditions, output doubled within the sample period (12 years). We decompose the gains into downtime...