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Firms' growth in frictional markets

Abstract : This thesis lies in the fields of International Trade and Labor Economics and focuses on firms' growth. Firm dynamics play a key role in shaping aggregate outcomes. Understanding how firms grow and how they decline is thus crucial to understand aggregate growth, innovation, and the functioning of labor markets. One of the widely-recognized factors slowing down firms' growth is frictions, both on the product market and the labor market. On the one hand, information and contractual frictions between sellers and buyers preclude firms from reaching new buyers. On the other hand, labor market frictions, by increasing the costs to hire and dismiss workers, reduce the efficient reallocation of workers across firms, thereby slowing down firms' growth on domestic and foreign markets. This thesis analyzes the impact of those two types of frictions on firms' growth and survival.The first chapter identifies a causal impact of poaching a sales manager from other firms' labor force on a firm's ability to develop its international portfolio of clients. The two remaining chapters consider the effect of labor market frictions, and more specifically labor market policies, on firms' growth and survival. The second chapter analyses judge bias in labor courts and how it can affect the sued firms' growth prospects. The third chapter deals with sectoral agreements and highlights a mechanism by which large firms can use sectoral bargaining as an anti-competitive device.
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Submitted on : Monday, October 11, 2021 - 1:37:10 PM
Last modification on : Wednesday, October 13, 2021 - 3:14:23 AM


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  • HAL Id : tel-03373201, version 1



Bérengère Patault. Firms' growth in frictional markets. Economies et finances. Institut Polytechnique de Paris, 2021. Français. ⟨NNT : 2021IPPAX039⟩. ⟨tel-03373201⟩



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