Book/Printed Material Products and productivity
About this Item
Title
- Products and productivity
Summary
- "Firms' decisions about which goods to produce are often made at a more disaggregate level than the data observed by empirical researchers. When products differ according to production technique or the way in which they enter demand, this data aggregation problem introduces a bias into standard measures of firm productivity. We develop a theoretical model of heterogeneous firms endogenously self-selecting into heterogeneous products. We characterize the bias introduced by unobserved variation in product mix across firms, and the implications of this bias for identifying firm and industry responses to exogenous policy shocks such as deregulation. More generally, we demonstrate that product switching gives rise to a richer set of industry-level dynamics than models where firm product mix remains fixed"--National Bureau of Economic Research web site.
Names
- Schott, Peter K.
- Bernard, Andrew B., 1963-
- Redding, Stephen
- National Bureau of Economic Research
Created / Published
- Cambridge, MA : National Bureau of Economic Research, c2005.
Headings
- - Industrial productivity--Mathematical models
- - New products--Mathematical models
- - Product management--Mathematical models
Notes
- - Bernard's name appear first on the electronic version issued by the Centre for Economic Performance, London School of Economics and Political Science.
- - Title from PDF file as viewed on 8/30/2005.
- - Includes bibliographical references.
- - Also available in print.
- - Mode of access: World Wide Web.
- - System requirements: Adobe Acrobat Reader.
Call Number/Physical Location
- HB1
Digital Id
- https://hdl.loc.gov/loc.gdc/gdcebookspublic.2005619178
- http://papers.nber.org/papers/W11575 External
Library of Congress Control Number
- 2005619178
Access Advisory
- Unrestricted online access
Online Format
- image