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We present a new method for imposing and testing concavity of a cost function using asymptotic least squares, which can easily be implemented even for cost functions which are nonlinear in parameters. We provide an illustration on the basis of a (generalized) Box-Cox cost function with six...
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Using a new administrative dataset, we provide fresh micro-level evidence on firms’ returns to scale (RTS). We employ a new administrative database, iBACH, which contains extensive high-quality annual balance sheet, financial, and demographic information on more than two million non-financial...
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-likelihood estimation is carried out using the Geweke-Hajivassilou-Keane (GHK) method, which is consistent and has low variance. The latter …
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Many studies of producer behavior consider cost and input demand functions de-rived from microeconomic theory and … estimation bias. An alternative is to restrict individual behavioral functions to be linear in the firm specific parameters. The … form and to explicitly take account of firm heterogeneity. Estimation for German manufacturing sectors confirms that ne …
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This paper analyses the effects of the 1990 Brazilian trade liberalization on the total factor productivity, market share and profits of a sample of 349 large manufacturing firms. A panel data production function analysis for the period 1986/94 indicates very large total factor productivity...
Persistent link: https://www.econbiz.de/10011997236