Similar Search Results

Dispersion over the business cycle: Passthrough, productivity, and demand?

Carlsson, Mikael; Clymo, Alex; Joslin, Knut-Eric - 2023

We characterize the dispersion of firm-level productivity and demand shocks over the business cycle using Swedish … than productivity dispersion in recessions. Productivity shocks pass through incompletely to prices and have limited effect … and see" channel. Productivity dispersion does not generate "wait and see" effects, but affects output negatively by …

Persistent link: https://www.econbiz.de/10014540949

Income differences and prices of tradables

Simonovska, Ina - 2010

productivity heterogeneity. The model brings theory and data closer along a key dimension: it generates positively related prices …

Persistent link: https://www.econbiz.de/10010282116

Rent seeking in hierachical firms

Epstein, Gil S.; Gang, Ira N. - 2002

we move up the firm’s hierarchy, a decline in the productivity levels of the workers will be observed. …

Persistent link: https://www.econbiz.de/10010318354

Methodology and microeconomics in the early work of Hyman P. Minsky

Toporowski, Jan - 2006

This paper reviews the recently published doctoral thesis of Hyman P. Minsky, summarizing its main contributions to methodology and microeconomics. These were aspects of economics with which Minsky is not usually associated, but which lie at the foundation of his later work. They include...

Persistent link: https://www.econbiz.de/10010266600

Cognitive abilities and household financial decision making

Agarwal, Sumit; Mazumder, Bhash - 2010

We analyze the effects of cognitive abilities on two examples of consumer financial decisions where suboptimal behavior is well defined. The first example refers to consumers who transfer the entire balance from an existing credit card account to a new account, but use the new card for...

Persistent link: https://www.econbiz.de/10010292206

The regulation of public service broadcasters: Should there be more advertising on television?

Crawford, Gregory S.; Deer, Lachlan; Smith, Jeremy; … - 2017

Increased competition for viewers' time is threatening the viability of public-service broadcasters (PSBs) around the world. Changing regulations regarding advertising minutes might increase revenues, but little is known about the structure of advertising demand. To address this problem, we...

Persistent link: https://www.econbiz.de/10011784302

Efficiency invites divide and coercion in the age of increasing returns to scale

Xu, Yongsheng; Yoshihara, Naoki - 2019

In the presence of (at least locally) increasing returns to scale tech- nologies, the paper asks the question: does there exist an economic system which implements Pareto efficient allocations and respects the voluntary participation principle? To answer this question, the paper formulates an...

Persistent link: https://www.econbiz.de/10012388910

Intangible capital, markups and profits

Sandström, Maria - 2020

Can an increasing importance of intangible capital explain increases in markups and profits? I use a heterogeneous firm model to show how intangible capital, characterized by fixed costs and uncertainty, is related to markups and profits at the industry level. The scalability and uncertainty...

Persistent link: https://www.econbiz.de/10012806707

Notes on the accumulation and utilization of capital: Some theoretical issues

Nikiforos, Michalis - 2020

This paper discusses some issues related to the triangle between capital accumulation, distribution, and capacity utilization. First, it explains why utilization is a crucial variable for the various theories of growth and distribution-more precisely, with regards to their ability to combine an...

Persistent link: https://www.econbiz.de/10012610180

Notes on the accumulation and utilization of capital: Some empirical issues

Nikiforos, Michalis - 2020

The paper makes three contributions. First, following up on Nikiforos (2016), it provides an in-depth examination of the Federal Reserve measure of capacity utilization and shows that it is closer to a cyclical indicator than a measure of long run variations of normal utilization. Other...

Persistent link: https://www.econbiz.de/10012610181