Under the current version of the Common Agricultural Policy (CAP), payments to EU farmers are decoupled from the production of agricultural commodities. In fact, farmers qualify for CAP support as soon as their land is maintained in good agricultural and environmental condition.In this paper, we...

Under the current version of the Common Agricultural Policy (CAP), payments to EU farmers are decoupled from the production of agricultural commodities. In fact, farmers qualify for CAP support as soon as their land is maintained in good agricultural and environmental condition.In this paper, we...

We study the relationship between technology shocks and labor input on Swedish firm-level data using a production function approach to identify technology shocks. Taking standard steps yields a contractionary contemporaneous labor-input response in line with previous studies. This finding may,...

Erklärtes Ziel dieses Beitrags ist die Verbindung ingenieurwissenschaftlicher und betriebswirtschaftlicher Modelle, ohne deren Aussagen zu beschneiden. Durch die Erweiterung der Produktionsfunktion vom Typ D um ingenieurwissenschaftlich fundierte Verbrauchs- und Erzeugungsvektoren konnte ein...

At the firm level, revenue and costs are well measured but prices and quantities are not. This paper shows that because of these data limitations estimates of returns to scale at the firm level are for the revenue function, not production function. Given this observation, the paper argues that,...