A number of papers in the theoretical auction literature show that the release of information regarding the seller’s valuation of an item can cause bidders to bid more aggressively. This widely accepted result in auction theory remains largely untested in the empirical literature. Recent...

<DIV><DIV><P>The Census Bureau has recently begun releasing official statistics that measure the movements of firms in and out of business and workers in and out of jobs.  The economic analyses in <I>Producer Dynamics</I> exploit this newly available data on establishments, firms, and workers, to address issues in...</i></p></div></div>

We explore the reasons for the productivity surge. We argue that a large share of the productivity gains resulted from significant changes in management practices at plants.

During the Great Recession, the rate at which Americans formed households fell sharply. Though the rate has recently picked up, it isn’t fast enough to make up for the shortfall in household formation that occurred over the last several years. An analysis of recent household formation patterns...

This paper estimates a dynamic, structural model of entry and exit in an oligopolistic industry and uses it to quantify the determinants of market structure and long-run firm values for two U.S. service industries, dentists and chiropractors. Entry costs faced by potential entrants, fixed costs...

This paper examines the impact of entry on the structure of the U.S. chemical industries in the period 1963-1982. The paper measures both the immediate impact of entrants in terms of number, size and market shares and their subsequent growth and/or exit. Particular attention is devoted to the...