Output list
Journal article
Managerial cognition, sunk costs, and the evolution of industry structure
Published 10/2003
Strategic management journal, 24, 10, 1057 - 1068
Journal article
Comparative productivity of Japanese and U.S. steel producers, 1958–1993
Published 1999
Japan and the world economy, 11, 1, 1 - 27
Using historical, firm-level data, this study compares the productivity of Japanese and U.S. integrated steel producers. In recent decades Japanese producers have demonstrated higher labor productivity than their U.S. counterparts, due largely to higher investment. Calculations of multi-factor productivity suggest that the American firms, nevertheless, maintain a small advantage in overall efficiency. One implication is that steel producers in Japan may have invested too heavily in capital equipment, while American companies invested too little. In both countries, productivity differences among integrated steel producers appear small relative to those found among auto manufacturers.