Research Report
We document that in industries that tend to rely more heavily on relationship-specific intermediate inputs, plants in states with more congested courts shift their expenditures away from intermediate inputs and have a greater vertical span of production. We identify the structural parameters that govern enforcement frictions from cross-state variation in the first moments of producers' cost shares. A set of counterfactuals show that enforcement frictions lower aggregate productivity to an extent that is relevant on the macro scale.
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Additional Information
| Field | Value |
|---|---|
| Data last updated | February 10, 2021 |
| Metadata last updated | June 7, 2022 |
| Created | February 10, 2021 |
| Format | |
| License | CC-BY-4.0 |
| Id | a84643c5-a0cf-4531-9948-df6e0bf55ea9 |
| Mimetype | application/pdf |
| Package id | 7aa3a251-c601-4fc8-84e6-76cf6620f0df |
| State | active |