… temporary low wages and high profits presented by the reform, and save a … Individuals have
access to competitive financial … We study the equilibria where the rental of capital is quantity-…

… scheme aimed at making labor institutions more flexible. We … to be more productive and
favor a profit-sharing scheme … an imperfect competitive market (such as the Italian one), the rent-…

… activities produced in highly competitive industries. This sustains … returns production structures
both wages and profits are … Based on our theory, we expect institutional reforms to follow …

… , labour productivity and the entry of new competitors. Wages … not by profit, but by expected
demand, and productivity gains … changes have been accompanied by institutional changes …

… or oligopoly rents, are sufficient for more intense competition to … The institutional changes
started 20 years ago, but, only … of higher revenue productivity (recall that revenue TFP can be …

… the impact of institutional quality on the productivity, profitability and … As a consequence,
competing with rent-seeking incumbents … of industry evolution in the face of institutional changes. …

… intensifies competitive pressure, reducing sales, profitability, … patent production declines in
sectors facing greater import … post-innovation rents determine a firm’s response to competition. …

… competing evidence that incumbent firms gained rents. We estimate the impact of net entry
on rents … Moreover, if we consider changes in markups and profit shares for the full sample of …

… , high-productivity exporters experience increased revenue … by institutional reforms aimed at
improving the competitive … of market competition in reducing gaps in productivity across firms …

… Thus firms striving for competitive advantage often invest in … in profit maximization, most
studies of rent appropriation have … infrastructure and in institutional reforms such as securing …