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We analyse the contribution of land to production activity for Japanese manufacturing industries employing panel data … of the firms. Since land is not necessarily held for production purpose, we check the concavity of the cost function to … see whether production is conducted efficiently. …
Persistent link: https://www.econbiz.de/10008602900
We analyse the contribution of land to production activity for Japanese manufacturing industries employing panel data … of the firms. Since land is not necessarily held for production purpose, we check the concavity of the cost function to … see whether production is conducted efficiently. …
Persistent link: https://www.econbiz.de/10005670080
Persistent link: https://www.econbiz.de/10008602927
Holmstrom and Milgrom's (1987) relative performance evaluation example has a simple budgeting interpretation. In an attractive manner, this example conveys some of the basic insights of Holmstrom (1982). The model investigated is a principal-manager-agent version of this example in which the...
Persistent link: https://www.econbiz.de/10008602964
Persistent link: https://www.econbiz.de/10008493405
Persistent link: https://www.econbiz.de/10005780310
commodity price vector i determined independently of final demand pattern when there are multiple primary factor of production …
Persistent link: https://www.econbiz.de/10008466545
Persistent link: https://www.econbiz.de/10005486463
commodity price vector i determined independently of final demand pattern when there are multiple primary factor of production …
Persistent link: https://www.econbiz.de/10005639250
Holmstrom and Milgrom's (1987) relative performance evaluation example has a simple budgeting interpretation. In an attractive manner, this example conveys some of the basic insights of Holmstrom (1982). The model investigated is a principal-manager-agent version of this example in which the...
Persistent link: https://www.econbiz.de/10005670057