| 来源类型 | Working Paper
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| 规范类型 | 报告
|
| DOI | 10.3386/w25748
|
| 来源ID | Working Paper 25748
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| Why is Productivity Correlated with Competition? |
| Matthew Backus
|
| 发表日期 | 2019-04-15
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| 出版年 | 2019
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| 语种 | 英语
|
| 摘要 | The correlation between productivity and competition is an oft–observed but ill–understood result. Some suggest that there is a treatment effect of competition on measured productivity, e.g. through a reduction of managerial slack. Others argue that greater competition makes unproductive establishments exit by reallocating demand to their productive rivals, raising observed average productivity via selection. I study the ready-mix concrete industry and offer three perspectives on this ambivalence. First, using a standard decomposition approach, I find no evidence of greater reallocation of demand to productive plants in more competitive markets. Second, I model the establishment exit decision and construct a semi-parametric selection correction to quantify the empirical significance of treatment and selection. Finally, I use a grouped IV quantile regression to test the distributional predictions of the selection hypothesis. I find no evidence for greater selection or reallocation in more competitive markets; instead, all three results suggest that measured productivity responds directly to competition. Potential channels include specialization and managerial inputs. |
| 主题 | Industrial Organization
; Firm Behavior
; Industry Studies
|
| URL | https://www.nber.org/papers/w25748
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/583422
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推荐引用方式
GB/T 7714 |
Matthew Backus. Why is Productivity Correlated with Competition?. 2019.
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文件名：
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w25748.pdf
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格式：
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Adobe PDF
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