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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/10010274657
In the neoclassical production functions model technical change (TC) is assumed to be exogenous and it is specified as a function of time. However, some exogenous external factors other than time can also affect the rate of TC. In this paper we model TC via a combination of time trend (purely...
Persistent link: https://www.econbiz.de/10010280731
, its short-run adjustments do not seem to have an impact on health care productivity. Spatial spill overs in life …
Persistent link: https://www.econbiz.de/10010278343
labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and … productivity. …
Persistent link: https://www.econbiz.de/10010265548
rapidly raising productivity while making workers redundant. This paper explores the evidence for this view among the IT …-using U.S. manufacturing industries. There is some limited support for more rapid productivity growth in IT … expectations, is that output contracts in IT-intensive industries relative to the rest of manufacturing. Productivity increases …
Persistent link: https://www.econbiz.de/10010333318
values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …
Persistent link: https://www.econbiz.de/10010269431
This study proposes an alternative methodology for measuring environmentally sensitive productivity growth. The … combination, the conventional Malmquist-Luenberger productivity index is modified to give the alternative sequential … environmentally sensitive productivity index. This proposed index is employed in measuring productivity growth and its decomposed …
Persistent link: https://www.econbiz.de/10010271226
This paper presents an econometric mediation analysis. It considers identification of production functions and the sources of output effects (treatment effects) from experimental interventions when some inputs are mismeasured and others are entirely omitted.
Persistent link: https://www.econbiz.de/10010328902
-to-manage, efficient bargaining, labor hoarding) whereas the productivity approach hinges on the assumption of efficient bargaining. Across …
Persistent link: https://www.econbiz.de/10010269757
results demonstrate that unequal rewards can potentially increase productivity by facilitating coordination, and that the …
Persistent link: https://www.econbiz.de/10010274018