Showing 1 - 10 of 343
While there is strong evidence for productivity-driven selection into exporting, previous research has mostly failed to … identify export-related efficiency gains within plants. This non-result is derived from revenue productivity (TFPR), thus also … from trade are substantially larger than previously documented. Evidence suggests that a complementarity between exporting …
Persistent link: https://www.econbiz.de/10010969319
firms, and the fact that larger firms supply more products than smaller firms, implies that standard productivity measures … are not independent of demand system assumptions and probably dramatically understate the relative productivity of the …
Persistent link: https://www.econbiz.de/10010951335
International comparisons of the level of labor or total factor productivity have used exchange rates or purchasing … persistent, raising the need for disaggregate price measures to make disaggregate productivity comparisons. Sectoral differences …
Persistent link: https://www.econbiz.de/10005714340
We argue that reputation mechanisms used by platform markets suffer from two problems. First, buyers may draw conclusions about the quality of the platform from single transactions, causing a reputational externality across sellers. Second, for a variety of reasons we discuss, reputations will...
Persistent link: https://www.econbiz.de/10011264927
The theory of cost-shifting posits that nonprofit hospitals respond to negative financial shocks by raising prices for privately insured patients. We examine how hospitals responded to the sharp reductions in their endowments caused by the 2008 stock market collapse. We find that the average...
Persistent link: https://www.econbiz.de/10010796740
This paper brings new evidence from the privatized social security system in Mexico, offering insight into investment behavior and the efficacy of government "nudges" in the context of profit maximizing firms. We use administrative data from the social security system surrounding the government...
Persistent link: https://www.econbiz.de/10010950659
General Motors was once regarded as one of the best managed and most successful firms in the world, but between 1980 and 2009 its share of the US market fell from 62.6 to 19.8 percent, and in 2009 the firm went bankrupt. In this paper we argue that the conventional explanation for this decline -...
Persistent link: https://www.econbiz.de/10010950676
A surprisingly small number of innovative firms use the patent system. In the UK, the share of firms patenting among those reporting that they have innovated is about 4%. Survey data from the same firms support the idea that they do not consider patents or other forms of registered IP as...
Persistent link: https://www.econbiz.de/10010951155
This paper examines how advertising impacts competition and equilibrium prices in the context of a privatized pension market. We use detailed administrative data on fund manager choices and worker characteristics at the inception of Mexico's privatized social security system, where fund managers...
Persistent link: https://www.econbiz.de/10010951291
Despite widespread application of real options theory in the literature, the extent to which firms actually delay irreversible investments following an increase in the uncertainty of their environment is not empirically well-known. This paper estimates firms' responsiveness to changes in...
Persistent link: https://www.econbiz.de/10008727845