Asphjell, Magne Krogstad; Letterie, Wilko; Nilsen, … - Institutt for samfunnsøkonomi, Norges Handelshøyskole … - 2010
A structural model is developed and estimated by a maximum likelihood routine to investigate interrelated factor demand subject to nonconvex adjustment costs. The dataset concerns Norwegian plants operating in manufacturing industries and it covers the period 1993-2005. The estimates indicate...