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Keyword: firms;

7 results found.

Economics of Industry Paper

Multiproduct Firms, Income Distribution, and Trade

Marcia M Schafgans and Joachim Stibora

We develop a general equilibrium model of multiproduct fi…rms with quality differentiated goods. Households are characterized by an heterogeneous taste for the differentiated good and their income level. The use of non-h...Read more...

1 July 2014

Development Discussion Paper

Field Experiments with Firms

Oriana Bandiera, Iwan Baranky and Imran Rasul

We discuss how the use of field experiments sheds light on long standing research questions relating to firm behavior. We present insights from two classes of experiments: within and across firms, and draw common lessons...Read more...

1 July 2011

Economics of Industry Paper

Firm Size Distribution: Testing the 'Independent Submarkets Model' in the Italian Motor Insurance Industry

Luigi Buzzacchi and Tommaso Valletti

This paper tests the presence of multiple independent submarkets in the Italian motor insurance industry. Independence is motivated by administrative boundaries among provinces and by further locational reasons. We find ...Read more...

September 1999

Theoretical Economics Paper

Cooperatives vs. Outside Ownership

Oliver Hart and John Moore

We are concerned with the design of a constitution for a firm - an ex ante contract which assigns residual rights of control (and possibly residual income rights) without reference to the issue to be decided. We focus at...Read more...

January 1998

Economics of Industry Paper

Diversification and Synergies: Effects on Profitability

Magda Bianco

This paper addresses the questions of the effects of diversification strategies on firms' profitability. Empirical analyses do not seem to confirm the hypothesis that diversification is the optimal response to the presen...Read more...

March 1997

Economics of Industry Paper

Optimal Patent Renewals

Francesca Cornelli and Mark Schankerman

When firms have different R&D productivities, it may be welfare increasing to differentiate patent lives across inventions. The reason is that the uniform patent life provides excessive incentives to do R&D to the low pr...Read more...

January 1996

Economics of Industry Paper

The Size Distribution of Businesses, Part I: A Benchmark Case

John Sutton

This paper examines the evolution of a skew distribution of firm sizes from the viewpoint of the ?Bounds? approach to market structure. It confines attention to the role played by non-strategic factors (statistical indep...Read more...

December 1995