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Managerial versus Production Wages : Offshoring, Country Size and Endowments
Benz, Sebastian; Kohler, Wilhelm - 2021
In this paper, we explore the role of trade in differentiated final goods as well offshoring of tasks for inequality both within and between countries. We emphasize the distinction between managerial and production labor. Production labor is assumed to be a variable input composed of tradable...
Persistent link: https://www.econbiz.de/10013316113
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The Fisher/Cobb-Douglas Paradox, Factor Shares, and Cointegration
Chirinko, Robert S.; Mallick, Debdulal - 2021
estimation of production function parameters. Fisher (1971) documented a paradox in estimating substitution elasticities -- the … both resolves the Paradox and, based on this resolution, raises important questions about estimation strategies (pioneered …
Persistent link: https://www.econbiz.de/10013317034
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Production Technologies in Stochastic Continuous Time Models
Wälde, Klaus - 2009
Properties of dynamic stochastic general equilibrium models can be revealed by either using numerical solutions or qualitative analysis. Very precise and intuition-building results are obtained by working with models which provide closed-form solutions. Closed-form solutions are known for a...
Persistent link: https://www.econbiz.de/10013155278
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Efficiency Enhancing Taxation in Two-Sided Markets
Kind, Hans Jarle - 2008
-valorem taxes. We show that (i) a monopoly may have too high output compared to the social optimum; (ii) output may be reduced by …
Persistent link: https://www.econbiz.de/10012772273
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Platform Intermediation in a Market for Differentiated Products
Galeotti, Andrea - 2008
that the monopoly platform does not introduce distortions over and above those arising from the market power of the …
Persistent link: https://www.econbiz.de/10012772229
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Complexity, Efficiency, and Fairness of Multi-Product Monopoly Pricing
Miravete, Eugenio J. - 2014
The Pennsylvania Liquor Control Board administers the purchase and sale of wine and spirits and is mandated to charge a uniform 30% markup on all products. We use an estimated discrete choice model of demand for spirits, together with information on wholesale prices, to assess the implications...
Persistent link: https://www.econbiz.de/10013055988
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Genetic Contamination of Traditional Products
Choi, E. Kwan - 2021
Cross-pollination can be caused by birds, insects and wind. Genetically modified (GM) seeds are produced each year in a controlled environment to maintain their purity. However, pollen from the GM crop can be transferred to traditional crops. When the GM crop producers are in long-run...
Persistent link: https://www.econbiz.de/10013315953
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Markets for Information : Of Inefficient Firewalls and Efficient Monopolies
Cabrales, Antonio; Gottardi, Piero - 2021
typically noisy. Also, the market for information tends to be a monopoly, and there is typically inefficiency given by …
Persistent link: https://www.econbiz.de/10013316507
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Taxation in Two-Sided Markets
Kind, Hans Jarle; Koethenbuerger, Marko; Schjelderup, … - 2021
Two-sided platform firms serve distinct customer groups that are connected through interdependent demand, and include major businesses such as the media industry, banking, and the software industry. A well known textbook result in one-sided markets is that a government may increase a...
Persistent link: https://www.econbiz.de/10013317276
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Taxation and Market Power
Konrad, Kai A. - 2010
We analyze the incidence and welfare effects of unit sales taxes in experimental monopoly and Bertrand markets. We find …, in line with economic theory, that firms with no market power are able to shift a high share of a tax burden on to … consumers, independent of whether buyers are automated or human players. In monopoly markets, a monopolist bears a large share …
Persistent link: https://www.econbiz.de/10013149368