We measure the impact of a drastic new technology for producing steel, the minimill, on the aggregate productivity of U …'s productivity is linked to this new technology, and operates through two distinct mechanisms. First, minimills displaced the older … in the industry's productivity. Second, increased competition, due to the expansion of minimills, drove a substantial …

, explains the initial rise in unemployment. The reduction in union power also helps to explain the acceleration in productivity … low wages and productivity. A fall in union power results in a reduction in these inefficiencies and leads not only to a … rise in productivity but also in wages. …

organizational structure and technology of rival banks in the vicinity influence local banking competition. …Recent theoretical models argue that a bank’s organizational structure reflects its lending technology. A …. We investigate theoretically and empirically how bank organization shapes banking competition. Our theoretical model …

This Paper first documents the comparative productivity performance of the United States and Britain since 1870 … management, as a key factor. A model of the interaction between technology, organization and economic performance is then … must be analysed if the major changes in comparative productivity performance among nations are to be understood fully; (2 …

-level productivity, profitability, Tobin’s Q, sales growth and survival rates. Management practices also display significant cross … competition is weak and/or when (b) family-owned firms pass management control down to the eldest sons (primo geniture). European … firms report lower levels of competition, while French and British firms also report substantially higher levels of primo …

We investigate theoretically and empirically the competitive effects of increased trade on prices, productivity and … productivity. In response to an increase in openness, markups show a steep short run decline, which partly reverses later, while … productivity rises in a manner that increases over time. Our estimates suggest that EU manufacturing prices fell by 2 …

This paper examines the role of competition in productivity perfromance in Britain over the period from the late … 1930s to the 1970s undermined productivity growth but since the 1970s stronger competition has been a key ingredient in … ending relative economic decline. The productivity implications of the retreat from competition resulted in large part from …

In this paper we examine the causal impact of competition on management quality. We analyze the hospital sector where … geographic proximity is a key determinant of competition, and English public hospitals where political competition can be used to … survival rates from emergency heart attack admissions (AMI). More importantly, we find that higher competition (as indicated by …

This Paper develops a model in which the interaction between product market imperfections, transportation costs, unions …