Antitrust authorities all over the world are concerned if a particularly aggressive competitor, a "maverick", is bought out of the market. One plausible determinant of acting as a maverick is behavioral: the maverick derives utility from acting competitively. We test this conjecture in the lab. In a pretest, we classify participants by their social value orientation. Individuals who are rivalis...

We use a firm production function approach to generate estimates of total factor productivity (TFP) and labor productivity in the manufacturing sector for a group of Latin American countries. We exploit these estimates to study the relative position of countries within this sector and to explore the main correlates of firm productivity. We find that while the exact ranking of average TFP is sen...

A gazdasagi valsaghelyzetekben gyakran drasztikusan visszaeső hitelkinalat jelentősen ronthatja a vallalatok hitelhez jutasi lehetősegeit, igy kilabalasi eselyeiket, realgazdasagi teljesitmenyuket is. Mennyiben enyhithetik e problemat tamogatott hitelek? Tanulmanyunkban ezt vizsgaljuk meg koronavirus-jarvany miatt Magyarorszagon bevezetett jegybanki es allami hitelprogramok foglalkoztatasi hata...

We formalize the editorial role of news media in a multisector economy and show that can be an independent source business cycle fluctuations, even when they report accurate information. Public reporting about subset sectoral developments are newsworthy but unrepresentative causes firms across all sectors to hire too much or little labor. construct historical measures US coverage use them calib...

Firm-level, revenue-based productivity measures are ubiquitous in studies of firm dynamics and aggregate outcomes. One common measure is increasingly interpreted as reflecting “distortions” since distortions’ absence, equalization marginal revenue products should yield no dispersion this measure. Another but distinct the residual firm-level function, which reflects “fundamentals.” Using micro-l...

Using a unique dataset obtained from large-scale panel enterprise surveys conducted in 2005 and 2009, we clarify the survival status of Russian industrial firms before and after the global financial crisis and empirically examine the determinants of firm survival. The estimation of the Cox proportional hazard model provided evidence that the independence of company’s governance bodies, their hu...

To what extent can exporters cushion the impact of currency appreciation shocks by using imported intermediates? We apply a partial equilibrium model with heterogeneous firms. Producers can serve the domestic market, export final goods, or import inputs. In the model, an exogenous exchange rate shock simultaneously affects the variable costs and revenues associated with exports and imports. The...

The first implementation and use of an in situ size exclusion chromatography (SEC) system on a small-angle neutron scattering instrument (SANS) is described. The possibility of deploying such a system for biological solution scattering at the Institut Laue-Langevin (ILL) has arisen from the fact that current day SANS instruments at ILL now allow datasets to be acquired using small sample volume...

The largest decile of commercial electricity customers comprises half of commercial sector electricity usage. We quantify a considerable split incentives problem that exists when these large firms are on electricity-included property lease contracts. Controlling for a rich set of variables that may correlate with selection into contract type, we use exogenous variation in weather shocks to show...

In this work, an analytical study on the bending stiffnesses of corrugated board has been performed. Formulations to calculate the bending stiffnesses D11, D22, D12, and D66 of the equivalent plate representing the corrugated board have been established, and then compared to expressions suggested by other investigators. Several methods for modeling the shape of the corrugated orthotropic medium...