| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6159 |
| DP6159 Strategic Merger Waves: A Theory of Musical Chairs | |
| Flavio Toxvaerd | |
| 发表日期 | 2007-03-02 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | Government policies that impose restrictions on the size of large establishments or firms, or promote small ones, are widespread across countries. In this paper, we develop a framework to systematically study policies of this class. We study a simple growth model with an endogenous size distribution of production units. We parameterize this model to account for the size distribution of establishments and for the (observed) large share of employment in large establishments. Then, we ask: quantitatively, how costly are policies that distort the size of production units? What is the impact of these policies on productivity measures, the equilibrium number of establishments and their size distribution? We find that these effects are potentially large: policies that reduce the average size of establishments by 20% lead to reductions in output and output per establishment up to 8.1% and 25.6% respectively, as well as large increases in the number of establishments (23.5%). |
| 主题 | International Macroeconomics |
| 关键词 | Establishment size Productivity differences Size distortions |
| URL | https://cepr.org/publications/dp6159 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534997 |
| 推荐引用方式 GB/T 7714 | Flavio Toxvaerd. DP6159 Strategic Merger Waves: A Theory of Musical Chairs. 2007. |
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