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We study the relation between product quality and worker quality using an economic model that, under certain conditions, provides a direct link between product price, product quality and work force quality. Our measures of product quality are the evolution in the detailed product price relative...
Persistent link: https://www.econbiz.de/10013227755
Using disaggregated production data we show that the size of seasonal cycles changes significantly over the course of … disentangled from cyclical fluctuations only when the marginal cost of production is linear, and the variation in demand and cost … involves studying the variation in seasonally unadjusted patterns of production and inventory accumulation over different …
Persistent link: https://www.econbiz.de/10013240631
models, prices are sticky by assumption; here it is a result. We use search theory, with two consequences: prices are set in …
Persistent link: https://www.econbiz.de/10013119345
The adoption and diffusion of inputs in the production network is at the heart of technological progress. What … existing production network plays a crucial role in the diffusion of inputs and the evolution of technology …
Persistent link: https://www.econbiz.de/10013055829
This paper examines how devaluations affect the relative costs of labor and capital and therefore influence production …
Persistent link: https://www.econbiz.de/10013211638
How does an economy's production structure determine its macroeconomic response to sectoral distortions? We study a … static framework in which production is organized in an input-output network and firms' production decisions are distorted …
Persistent link: https://www.econbiz.de/10012993222
relative factor prices, total production, and output prices. For non-revenue-raising environmental mandates, what are the … incidence model and modifies one sector to include pollution as a factor of production that can be a complement or substitute …
Persistent link: https://www.econbiz.de/10012751720
of multinational firms' location and production decisions and the welfare implications of multinational production. The … costs of foreign investment are large. Second, I calibrate the model to data on trade and multinational production for … divert a sizable fraction of the production of EU multinationals from the US to Canada …
Persistent link: https://www.econbiz.de/10012992631
The purpose of this paper is to analyze systematically the production of effort and its allocation among different … of the production and allocation of effort by a free person. Section III applies this analysis to the value placed on … wage rates offered and the effort supplied by their workers. Section V analyzes the production and allocation of effort by …
Persistent link: https://www.econbiz.de/10014158837
We assess the quantitative impact of firing costs on aggregate total factor productivity (TFP) in a dynamic general-equilibrium framework where the distribution of establishment-level productivity is not invariant to the policy. Firing costs not only generate static factor misallocation, but...
Persistent link: https://www.econbiz.de/10012966591