This study delves into the origins of excess capacity by examining the reactions of capital, labor, and capital intensity. To achieve this, we have employed a novel three-layered production function model, estimating the elasticity of substitution between capital and labor as a nested layer,...

In this paper we propose a novel method for the price-cost markup estimation and study the relationship between export intensity and the markup. We impose much less restrictive identifying assumptions on technology and adjustment frictions compared to previous studies and use Swedish firm-level...

링크를 클릭하시면, 이 보고서의 한국어 버전을 보실 수 있습니다: 'http://ssrn.com/abstract=2951562' http://ssrn.com/abstract=2951562■ Equipment investment showed improvements thanks to the recent boom in a few sectors such as semiconductors. But, the average capacity...

In this paper we develop measures of economic capacity output and economic capacity utilization for firms producing multiple outputs and having one or .ore quasi-fixed inputs. Although we produce an impossibility theorem showing that based only on the assumption of cost minimization, the concept...