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firm's marginal production costs. We test the theory by exploiting the opening of a high-speed (Shinkansen) train line in … locations. Low search and outsourcing costs lead firms to search more and find better suppliers. This in turn drives down the … Japan which lowered the cost of passenger travel but left shipping costs unchanged. Using an exhaustive dataset on firms …
Persistent link: https://www.econbiz.de/10012457584
We use data from a sample of day care centers to estimate the relationships between cost and the quality of the child care service provided, and between revenue and quality. We use a measure of child care quality derived from an instrument designed by developmental psychologists. This measure of...
Persistent link: https://www.econbiz.de/10012471564
preference factors in order to separately identify risk preferences, information frictions, and perceived plan hassle costs. The … dimensions that they are typically assumed to understand, perceive high plan hassle costs, and make choices that depend on these …
Persistent link: https://www.econbiz.de/10012459288
will be affordable. In this paper, I present the facts about how much accountability costs. The facts are, fortunately …, highly knowable because costs show up both as expenditures on government budgets and as revenues on companies' (mainly test … makers') accounts. Moreover, it turns out that worrying about measurement error in the cost data is pointless. The costs of …
Persistent link: https://www.econbiz.de/10012469860
During the financial crisis, life insurers sold long-term policies at deep discounts relative to actuarial value. The average markup was as low as -19 percent for annuities and -57 percent for life insurance. This extraordinary pricing behavior was due to financial and product market frictions,...
Persistent link: https://www.econbiz.de/10012460342
costs driven by changes in factor prices than to increases in marginal cost precipitated by expansions in output. We explore …
Persistent link: https://www.econbiz.de/10012471473
for the hypothesis of organizational forgetting, a more general learning model where unit costs are similarly dependent on …
Persistent link: https://www.econbiz.de/10012471667
effect on non-contractible quality. The model is applied to understanding the costs and benefits of prison privatization …
Persistent link: https://www.econbiz.de/10012473090
A model is estimated for oligopolistic industries producing multiple outputs in short-run equilibrium. Outputs are sold domestically and exported, while capital is treated as a quasi-fixed factor. The model is applied to the Canadian nonelectrical machinery, electrical products and chemical...
Persistent link: https://www.econbiz.de/10012475436
Hall has pointed out that, when there is perfect competition and price flexibility, labor hoarding alone will not induce the Solow residual measured using labor's share in revenues to be procyclical. We show that, even with perfect competition, a small amount of price rigidity - we assume firms...
Persistent link: https://www.econbiz.de/10012476463