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This article examines the effects of public infrastructure on the productive performance of 12 two-digit Canadian manufacturing industries. A flexible cost function incorporating public capital infrastructure is estimated for each industry separately using annual time series data for 1961-1995....
Persistent link: https://www.econbiz.de/10009481972
This paper provides an overview of the current debate on the effects of public infrastructure on productivity. The early aggregate studies based on restrictive functional forms of production functions provide controversial estimates of the impact of public infrastructure on economic growth and...
Persistent link: https://www.econbiz.de/10009482119
Universities represent a highly complex organizational structure that is beset with serious informational problems. A simplistic allocation rule based on university rankings is sometimes applied to fund disciplines/departments in order to promote efficiency. This study shows the pitfalls of...
Persistent link: https://www.econbiz.de/10009482131
Potential customers in customer markets are typically dichotomised into actual and prospective customers. If the firm holds its price firm, the actual customers hold their reserves/reservation price firm and repeat their purchases. On the other hand, prospective customers? reserves may be...
Persistent link: https://www.econbiz.de/10009482174
In a recent comment on my paper (Paul, 1992), Riese (1999) has tried to show that the value of my illfare index of unemployment based on the distribution of completed spells will be superior than that based on the distribution of interrupted spells. In this note, certain limitations of the...
Persistent link: https://www.econbiz.de/10009482188