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We derive exact conditions relating the distributions of firm productivity, sales, output, and markups to the form of … Marginal Revenue): it is necessary and sufficient for the distributions of productivity and sales to have the same form …
Persistent link: https://www.econbiz.de/10011955531
exports. The paper modifies Arkolakisś (2010) model of trade with heterogeneous firms by introducing endogenous quality and …
Persistent link: https://www.econbiz.de/10009786048
types, are affected differently. Given the same restrictive TBTs, firms with higher productivity suffer less, while firms … with lower productivity are more vulnerable to the trade barriers. …
Persistent link: https://www.econbiz.de/10012312278
bilateral distance, tariffs, and the quality of their exports. Under the assumption that trade costs are both ad valorem and per … smaller in magnitude for higher quality exports. We find strong support for the predictions of the model using a unique data … set of Argentinean firm-level wine exports combined with experts wine ratings as a measure of quality. …
Persistent link: https://www.econbiz.de/10012157845
This paper provides first firm-level evidence of the links between income inequality and the patterns of trade and export prices. We identify a theoretical mechanism behind these links, which suggests that a more unequal income distribution leads to higher average prices. We test the theory...
Persistent link: https://www.econbiz.de/10009764401
This paper characterizes the power dynamics of firms in both product and labor markets in Lithuania between 2004 and 2018. We first show that both markets are not perfectly competitive, as both price markups and wage markdowns are far from unitary and homogeneous. Interestingly, we unveil that...
Persistent link: https://www.econbiz.de/10014452325
A growing recent literature relies on a precautionary pricing motive embedded in representative agent DSGE models with sticky prices and wages to generate negative output effects of uncertainty shocks. We assess whether this theoretical model channel is consistent with the data. Building a New...
Persistent link: https://www.econbiz.de/10011597159
determined endogenously. We find that there is a short run transitory productivity dynamic introduced when there is imperfect …
Persistent link: https://www.econbiz.de/10011409812
How do firms adjust their output, inventories, employment and capital in response to demandsideshocks? To understand this, we estimate a reduced-form model using firm-level panel dataand we construct a theoretical model that can match the estimated impulse-response functions.A combination of...
Persistent link: https://www.econbiz.de/10012428917
that are implicit in previous firm-level productivity estimation approaches. We use Belgian firms production data to …
Persistent link: https://www.econbiz.de/10011417711