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Nonparametric Identification of Production Function, Total Factor Productivity, and Markup from Revenue Data

Kasahara, Hiroyuki; Sugita, Yoichi - 2021

Commonly used methods of production function estimation assume that a firm’s output quantity can be observed as data, but typical datasets contain only revenue, not output quantity. We examine the nonparametric identification of production function from revenue data when a firm faces a general...

Persistent link: https://www.econbiz.de/10013315013

On the Elasticity of Substitution between Labor and ICT and IP Capital and Traditional Capital

Jerbashian, Vahagn - 2022

I estimate CES aggregate production functions for the US, the UK, Japan, Germany, and Spain using data from the EU KLEMS database. I distinguish between three types of capital: information and communication technologies (ICT), intellectual property (IP) capital, and traditional capital. I assume...

Persistent link: https://www.econbiz.de/10014243755

Endogenous Timing and Income Inequality in the Voluntary Provision of Public Goods : Theory and Experiment

Itaya, Jun-ichi - 2019

This paper investigates how the heterogenous incomes and preferences of potential donors affect the timing of contribution decisions when it is endogenously determined by contributors themselves. More specifically, we use a simple setting with two donors, Cobb-Douglas preferences, and complete...

Persistent link: https://www.econbiz.de/10012892149

The Purity of Impure Public Goods

Brumme, Anja; Buchholz, Wolfgang; Rübbelke, Dirk T. G. - 2021

In this paper we demonstrate how the impure public good model can be converted into a pure public good model with satiation of private consumption, which can be handled more easily, by using a variation of the aggregative game approach as devised by Cornes and Hartley (2007). We point out the...

Persistent link: https://www.econbiz.de/10013250030

Dynamic Games of Common-Property Resource Exploitation When Self-Image Matters

Van Long, Ngo - 2019

The purpose of this paper is to model the influence of Kantian moral scruples in a dynamic environment. Our objectives are two-fold. Firstly, we investigate how a Nash equilibrium among agents who have moral scruples may ensure that the exploitation of a common property renewable resource is...

Persistent link: https://www.econbiz.de/10012860769

Micro Jumps, Macro Humps : Monetary Policy and Business Cycles in an Estimated Hank Model

Auclert, Adrien - 2020

shock. Our estimated model uncovers a central role for investment in the transmission mechanism of monetary policy, as high … MPCs amplify the investment response in the data. This force also generates a procyclical response of consumption to … investment shocks, leading our model to infer a central role for these shocks as a source of business cycles …

Persistent link: https://www.econbiz.de/10012842965

China's Overinvestment and International Trade Conflict

Schnabl, Gunther - 2019

For a long time, China's impressive growth performance has been driven by investment and high productivity gains. Based … sustainability of China's investment- and export-driven growth model. It is shown that since the turn of the millennium buoyant …

Persistent link: https://www.econbiz.de/10012866404

Non-Horizontal Mergers with Investments into Compatibility

Langus, Gregor - 2019

compatibility and can engage in bundling. We consider the impact of merger on prices, investment and consumer surplus. We also …

Persistent link: https://www.econbiz.de/10012871025

Investment Responses to Tax Policy Under Uncertainty

Guceri, Irem - 2019

similar investment subsidies were implemented in the same country, two years apart: once during a period of economic stability … offer an important policy opportunity to encourage investment …

Persistent link: https://www.econbiz.de/10012859606

Investment Rules and Time Invariance Under Population Growth

Asheim, Geir B. - 2020

We propose an adaptation of Hartwick's investment rule to models with population growth and show that following … of Hartwick's investment rule where capital gains play a role if population growth is positive. Since capital gains …

Persistent link: https://www.econbiz.de/10012824585