In advanced economies, state-owned enterprises play an important role in sectors of general interest such as energy and water supply. The conditions under which they operate have changed fundamentally since 1998, with new strategies required for firms to preserve market shares in the face of...

Production of Scotch single malt whisky requires at least 3 years of storage time. The majority of whiskies are stored for about 10-18 years, several sorts are matured for even up to 70 years. This can be justified by the common opinion that older whisky is 'better'. This paper gives a...

Researchers contributing to the empirical rent-sharing literature have typically resorted to estimating the responsiveness of workers' wages on firms' ability to pay in order to assess the extent to which employers share rents with their employees. This paper compares rent-sharing estimates...

This paper aims to derive a methodology to decompose aggregate revenue TFP changes over time into four different components - namely physical TFP, mark-ups, quality and production scale. The new methodology is applied to a panel of EU countries and manufacturing industries over the period...