Dynamic Inputs and Resource (Mis)Allocation

By John Asker, Allan Collard-Wexler, Jan De Loecker. Journal of Political Economy, 2014

379 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/565f3fe4955f64ac8667488957fcac60a7f8a73e

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Citations in the corpus

Heterogeneous Markups, Growth, and Endogenous Misallocation (2020, background): “…(for example imperfect capital markets (Buera et al., 2011; Moll, 2014; Midrigan and Xu, 2014), information frictions (David et al., 2016), or adjustment costs (Asker et al., 2014)), this paper is the first to structurally explore the role of monopoly power as a source of misallocation. product.”
The Sources of Capital Misallocation (2019, neutral): “Important contributions include Asker, Collard-Wexler, and De Loecker ( 2014 ) on adjustment costs; Buera, Kaboski, and Shin ( 2011 ) , Midrigan and Xu ( 2014 ) , Moll ( 2014 ) , and Gopinath et al. ( 2017 ) on financial frictions; David, Hopenhayn, and Venkateswaran ( 2016 ) on uncertainty; and…”
The Impact of Bank Credit on Labor Reallocation and Aggregate Industry Productivity (2018, neutral): “Adjustment costs for an input limit the extent to which the input’s marginal product is equalized within an industry, as it reduces firms’ incentives to respond to differences in marginal products (Asker, Collard-Wexler, and De Loecker (2014)).”
Productivity and Misallocation in General Equilibrium* (2017, background): “(2013), Caselli and Gennaioli (2013), Neiman and Karabarbounis (2014), Oberfield (2013), Peters (2013), Reis (2013), Asker et al. (2014), Hopenhayn (2014), Moll (2014), Midrigan and Xu (2014), Sandleris and Wright (2014), Edmond et al. (2015), and Gopinath et al. (2017). 5See, for example, Piketty (”
Heterogeneity, Measurement Error, and Misallocation: Evidence from African Agriculture (2019, neutral): “, by Asker et al. (2014), Foster et al. (2016), and Haltiwanger (2016). Our approach addresses some of the concerns raised by these critiques.”
Credit Misallocation During the European Financial Crisis (2017, background): “Finally, Asker et al. (2014) argue that, in the presence of adjustment costs and a volatile productivity process at the firm level, it is not possible to identify the extent of misallocation from purely cross-sectional data.”