Do firms have the right incentives to innovate in the presence of productivity spillovers? This paper proposes an …-term wage contracts with their workers, productivity spillovers are fully internalized. If firms cannot commit to long-term wage …

States in terms of unemployment, productivity growth and wage inequality. To show this, we construct two fictitious economies … productivity grows less due to larger mismatch. The model can be used to address a number of normative issues. …

Economic development implies that the efficiency of firms in developing countries is approaching that of firms in … privatization, competition and foreign investment. We also test hypotheses positing that only firms near the efficiency frontier … find that privatization to domestic owners did not markedly improve the efficiency of firms; domestic firms are not …

reform and free trade and by thus enhancing macroeconomic efficiency at full employment. Second, the static output gain from …

competition. The second—the Shapley value method—is based on cooperative game theory models and social concepts for a fair …

We revisit the question of the efficiency of individual decisions to be protected against crime for the cases of both …

sector. But, efficiency requires that they apply to both sectors because a higher matching rate in the high-productivity …We study a search model where workers can apply to high and or low productivity firms. Firms that compete for the same … symmetric equilibrium where workers mix between sending both applications to the high and sending both to the low productivity …