Showing 1 - 10 of 246
-level productivity and scale effects. I show here that the incorporation of theory-based endogenous markups into AGE models is not … variety (entry), firm scale (productivity), and markups (distortions) to welfare changes differ substantially among the three …
Persistent link: https://www.econbiz.de/10014357511
function, total factor productivity, price markups over marginal costs, output prices, output quantities, a demand system, and …
Persistent link: https://www.econbiz.de/10013315013
price shocks. Following a migrant inflow, labor costs decline and employment expands. Labor productivity decreases sharply … migration mostly benefits low- productivity firms within locations. As migrants select into high-productivity destinations …, migration however strongly contributes to the equalization of factor productivity across locations …
Persistent link: https://www.econbiz.de/10012892144
-level productivity and scale effects. I show here that the incorporation of theory-based endogenous markups into AGE models is not … variety (entry), firm scale (productivity), and markups (distortions) to welfare changes differ substantially among the three …
Persistent link: https://www.econbiz.de/10014290300
We derive exact conditions relating the distributions of firm productivity, sales, output, and markups to the form of … Marginal Revenue): it is necessary and sufficient for the distributions of productivity and sales to have the same form …
Persistent link: https://www.econbiz.de/10012892151
increases welfare via productivity improvements. In the calibrated version of the model we show that a trade-induced increase in …
Persistent link: https://www.econbiz.de/10013231972
We investigate theoretically and empirically how exporters adjust their markups across destinations depending on bilateral distance, tariffs, and the quality of their exports. Under the assumption that trade costs are both ad valorem and per unit, our model predicts that markups rise with...
Persistent link: https://www.econbiz.de/10012844218
Trade credit is the most important form of short-term finance for firms. In 2019, U.S. nonfinancial firms had about $4.5 trillion in trade credit outstanding equaling 21 percent of U.S. GDP. This paper documents two striking facts about trade credit use. First, firms with higher markups supply...
Persistent link: https://www.econbiz.de/10012849445
We show that in successful episodes of export market entry, there are statistically and economically significant post-entry dynamics of quantities, but no post-entry dynamics of markups. This suggests that shifts in demand play an important role in successful entry, but that firms do not use...
Persistent link: https://www.econbiz.de/10012841929
changes in markups, taxes, factor productivity, and asset prices affect inequality dynamics over the 1984-2018 period. Rising …
Persistent link: https://www.econbiz.de/10014244079