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Contest for attention in a quality-ladder model of endogenous growth

Grossmann, Volker - 2003

marketing expenditure. Although promotional activity is modelled as purely wasteful competition among firms for attention, it … are consistent with empirical evidence. First, if firms incur higher sunk costs for marketing, concentration and firm … become excessive, whereas being inefficiently low in the benchmark case without marketing. This has non-trivial consequences …

Persistent link: https://www.econbiz.de/10011509334

Firms and collective reputation : the Volkswagen emissions scandal as a case study

Bachmann, Ruediger; Ehrlich, Gabriel; Ruzic, Dimitrije - 2017

This paper uses the 2015 Volkswagen emissions scandal as a natural experiment to provide causal evidence that group reputation externalities matter for firms. Our estimates show statistically and economically significant declines in the U.S. sales and stock returns of, as well as public...

Persistent link: https://www.econbiz.de/10011780469

Pharmaceutical patents : incentives for R&D or marketing?

Brekke, Kurt R. (contributor); Straume, Odd Rune (contributor) - 2008

a larger share of the patent rent is spent on marketing, relative to R&D. -- Marketing ; Research & Development …

Persistent link: https://www.econbiz.de/10003771873

Entrepreneurship in a unionised economy

Leppämäki, Mikko; Kanniainen, Vesa - 2000

This paper shows that labor market institutions are important for the formation of new enterprises. The effects of labor market institutions on entrepreneurship, wage determination, and firm size are analysed analytically and illustrated numerically. The main result is that an increase in union...

Persistent link: https://www.econbiz.de/10009781656

Institutions, holdup and automation

Presidente, Giorgio - 2019

This paper documents a positive relationship between labor-friendly institutions and investment in industrial robots in a sample of advanced economies. Institutions explain a substantial proportion of cross-country variation in automation. The relationship between institutions and robots is...

Persistent link: https://www.econbiz.de/10012103580

Welfare benefit reforms and employment

Aloi, Marta; Lloyd-Braga, Teresa; Leite-Monteiro, Manuel - 2017

We consider an economy characterised by involuntary unemployment among low skilled workers, and investigate the implications for employment and income of welfare schemes often advocated as less distortionary. We show that reducing unemployment benefits in favour of income subsidies (social...

Persistent link: https://www.econbiz.de/10011624217

Call me rep! : how unions overcame the free-rider problem

Murphy, Richard - 2017

This paper proposes an explanation of why union membership has been increasing in some occupations, despite the opportunity to freeride on traditional union benefits. I model membership as legal insurance whose demand increases with the perceived risk of allegations. Using media reports on...

Persistent link: https://www.econbiz.de/10011611206

Optimal income taxation in unionized labor markets

Hummel, Albert Jan; Jacobs, Bas - 2018

This paper extends the Diamond (1980) model with labor unions to study optimal income taxation and to analyze whether … unions can be desirable for income redistribution. Unions bargain with firms over wages in each sector and firms unilaterally … determine employment. Unions raise the efficiency costs of income redistribution, because unemployment benefits and income taxes …

Persistent link: https://www.econbiz.de/10011888710

Trade and unions : can exporters benefit from collective bargaining?

Capuano, Stella; Hauptmann, Andreas; Schmerer, Jans-Jörg - 2014

Unions are often stigmatized as being a source of inefficiency due to higher collective bargaining outcomes. This is in …

Persistent link: https://www.econbiz.de/10010438358

How do firms respond to unions?

Dodini, Samuel; Stansbury, Anna; Willén, Alexander - 2023

This paper provides a comprehensive assessment of the margins along which firms in Norway respond to increased union density, using legislative changes in the tax deductibility of union dues as a quasi-exogenous shock to firm-level unionization rates. Despite higher personnel costs driven by a...

Persistent link: https://www.econbiz.de/10014450766