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Wassily Kandinsky and Kazimir Malevich were both great Russian painters who became pioneers of abstract art during the second decade of the twentieth century. Yet the forms of their art differed radically, as did their artistic methods and goals. Kandinsky, an experimental artist, approached...
Persistent link: https://www.econbiz.de/10012466262
There have been two very different life cycles for important modern artists: some, including Picasso, have made their …. Understanding the careers of modern artists therefore leads to a deeper understanding of the life cycles of human creativity in …
Persistent link: https://www.econbiz.de/10012469161
There have been two very different life cycles for great artists: some have made their greatest contributions very …
Persistent link: https://www.econbiz.de/10012470352
revenue without a consequential decline, and perhaps even an increase, in the entry of artists and the supply of high quality … music. There have been numerous explanations posited and this paper adds a novel one: that artists are time inconsistent and … anticipated, piracy actually constrains the degree to which artists sell out, and assured of that, raises entry returns …
Persistent link: https://www.econbiz.de/10012458502
with theoretical work on internal theory of the firm, which predicts that productivity compensation schemes will work well … production, as theory has hypothesized. The number of members in a group decreases both the quantity produced and the efficiency …
Persistent link: https://www.econbiz.de/10012476899
Experimental studies rarely consider the shape and nature of the education production function, which is useful for deriving optimal levels of input substitution in increasingly resource constrained environments. Because of the rapid expansion of EdTech as a substitute for traditional learning...
Persistent link: https://www.econbiz.de/10012481924
The ratio estimator of a firm's markup is the ratio of the output elasticity of a variable input to that input's cost share in revenue. This note raises issues that concern identification and estimation of markups using the ratio estimator. Concerning identification: (i) if the revenue...
Persistent link: https://www.econbiz.de/10012481959
Estimating markups has a long tradition in industrial organization and international trade. Economists and policy makers are interested in measuring the effect of various competition and trade policies on market power, typically measured by markups. The empirical methods that were developed in...
Persistent link: https://www.econbiz.de/10012463451
Consistent with two models of imperfect competition in the labor market, the efficient bargaining model and the monopsony model, we provide two extensions of a microeconomic version of Hall's framework for estimating price-cost margins. We show that both product and labor market imperfections...
Persistent link: https://www.econbiz.de/10012464671
This paper presents a new approach to assess the role of price mismeasurement in the productivity slowdown. I invert the firm's investment decision to identify the embodied and disembodied components of productivity growth. With a Cobb-Douglas production function, output price mismeasurement...
Persistent link: https://www.econbiz.de/10012468065