Talent Market Competition and Technology Spillovers

Funded Research Proposal

This research project aims to understand how innovation propagates through the reallocation of talents, and how this innovation diffusion process is shaped by the competition structure of talent labor markets. Specifically, we exploit various heterogenous shocks to firms, including credit supply shocks, financial constraints shocks, innovation shocks, to examine how firms react in their hiring and firing decisions under different competition structures of talent labor markets.Read More

Feedback and Contagion through Distressed Competition

Working Papers

Firms tend to compete on prices more aggressively when they are in financial distress; the intensified competition in turn reduces firms’ profit margins, pushing them further into distress. Competitors’ aggressive pricing reactions could be attributed to both predatory and self-defensive incentives.Read More