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Don’t Throw the Baby Out With the Bathwater: Firm Response to Downstream Product Shocks

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NBER2024-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w32703
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We explore how firms respond to downstream product shocks. We find that affected firms increase R&D and make additional safety-related investments in their existing assets-in-place. These investments vary with firm capabilities and across shock severity. Competitors appear to vicariously learn and
提供机构:
美国国家经济研究局
创建时间:
2024-07-01
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