show that they increase with firm's output and market size. We find that wage rises with firm's productivity, but fall with …

firms, along with traditional variation in productivity. The model predicts that the outcome of the bargaining game between … the firm productivity, but falls with an increase of the market power. These effects are roughly of the same size in …

In this paper we develop a new concept of globalization defined as the exposure of a productivity follower industry in … one country to the productivity leader in another country. Globalization is measured by the intensity of contacts through … trade and foreign direct investment. In a simple model and empirically we show that the exposure of a productivity follower …

probability theory. The discussion points to the adoption of the balance of probabilities as the requisite standard of proof, and …