countries and manufacturing industries over the period 2006-2012. In summary, patterns of measured revenue productivity have …-stressed countries (Belgium, Finland, France and Germany). In particular, measured revenue productivity drops for both groups by about 6 … productivity was accompanied by a substantial dip in the proxy we use for TFP in quantity terms, as well as by a strong reduction …

functions together with detailed product-level information on prices and quantities to estimate physical productivity, markups … based on commonly used measures of revenue productivity. In contrast, we measure sizable efficiency gains using measures … that are not affected by pricing heterogeneity, such as marginal costs and physical productivity. Exploiting exogenous …

efficient allocation achieves 11% higher aggregate productivity and 15% higher output. …

-setting power) and (iii) revenue productivity. We apply this framework to analyze whether the pricing behavior of firms in product …

-setting power) and (iii) revenue productivity. We apply this framework to analyze whether the pricing behavior of firms in product …

-year-level productivity and markup estimates. We find that importing intermediate inputs is associated with large markup premium, while the …

Study of the impact of mergers and acquisitions (M&As) on productivity and market power has been complicated by the … difficulty of separating these two effects. We use newly-developed techniques to separately estimate productivity and markups …-level productivity. We also examine whether M&As increase efficiency through reallocation of production to more efficient plants or …