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Input Diffusion and the Evolution of Production Networks
Carvalho, Vasco M. - 2014
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
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Distortions in Production Networks
Bigio, Saki - 2016
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
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Racial Bias and In-Group Bias in Judicial Decisions : Evidence from Virtual Reality Courtrooms
Bielen, Samantha - 2018
We shot videos of criminal trials using 3D Virtual Reality (VR) technology, prosecuted by actual prosecutors and defended by actual defense attorneys in an actual courtroom. This is the first paper that utilizes VR technology in a non-computer animated setting, which allows us to replace white...
Persistent link: https://www.econbiz.de/10012906456
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The Rise and Fall of Pellagra in the American South
Clay, Karen - 2017
undermined nutrition by displacing local food production. Consistent with this hypothesis, a difference-in-differences estimation … shows that after the arrival of the boll weevil, food production in affected counties rose while cotton production and …
Persistent link: https://www.econbiz.de/10012948921
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Misallocation in the Market for Inputs : Enforcement and the Organization of Production
Boehm, Johannes - 2018
The strength of contract enforcement determines how firms source inputs and organize production. Using microdata on … Indian manufacturing plants, we show that production and sourcing decisions appear systematically distorted in states with … of input use. The equilibrium organization of production and the network structure of input-output linkages arise …
Persistent link: https://www.econbiz.de/10012912175
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Product Quality and Worker Quality
Abowd, John M.; Kramarz, Francis; Moreau, Antoine - 2021
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
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Do Firms Smooth the Seasonal in Production in a Boom? Theory and Evidence
Cecchetti, Stephen G.; Kashyap, Anil K.; Wilcox, David W. - 2021
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
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Sticky Prices : A New Monetarist Approach
Head, Allen - 2011
Why do some sellers set nominal prices that apparently do not respond to changes in the aggregate price level? In many models, prices are sticky by assumption; here it is a result. We use search theory, with two consequences: prices are set in dollars, since money is the medium of exchange; and...
Persistent link: https://www.econbiz.de/10013119345
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Firms' Optimism and Pessimism
Bachmann, Rudi - 2014
West German manufacturing subset of the IFO Business Climate Survey to infer quarterly production changes at the firm level … and combine them with production expectations over a quarterly horizon in the same survey to construct series of … and at most 34 percent of firms systematically over- or underpredict their one-quarter-ahead upcoming production. In a …
Persistent link: https://www.econbiz.de/10013064073
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Components of Manufacturing Inventories
Auerbach, Alan J.; Green, Jerry - 2021
This paper presents a structural model of production and inventory accumulation based on the hypothesis of cost … in particular for a cost changing the production level rather than only for deviations of the production level from a … production adjustment allowed. Disaggregation of inventories provides significant insights into the dynamics of the adjustment …
Persistent link: https://www.econbiz.de/10013229372