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Using firm optimization to evaluate and estimate returns to scale

Gorodnichenko, Yuriy - 2008

At the firm level, revenue and costs are well measured but prices and quantities are not. This paper shows that because of these data limitations estimates of returns to scale at the firm level are for the revenue function, not production function. Given this observation, the paper argues that,...

Persistent link: https://www.econbiz.de/10010268849

Race, Performance, Pay and Retention among National Basketball Association Head Coaches

Kahn, Lawrence M. - 2004

This paper estimates racial differences in the retention probability, pay and performance of NBA coaches over the 1996-2003 period. Using a hazard function approach, I find small and statistically insignificant racial differences in the exit hazard, conditional on team performance, team payroll,...

Persistent link: https://www.econbiz.de/10010261874

Scale Effects in Markets with Search

Petrongolo, Barbara; Pissarides, Christopher A. - 2003

Reduced-form tests of scale effects in markets with search, run when aggregate matching functions are estimated, may miss important scale effects at the micro level, because of the reactions of job searchers. A semi-structural model is developed and estimated on a British sample, testing for...

Persistent link: https://www.econbiz.de/10010276187

Economic well-being and poverty among the elderly: an analysis based on a collective consumption model

Cherchye, Laurens; de Rock, Bram; Vermeulen, Frederic - 2008

We apply the collective consumption model of Browning, Chiappori and Lewbel (2006) to analyse economic well-being and poverty among the elderly. The model focuses on individual preferences, a consumption technology that captures the economies of scale of living in a couple, and a sharing rule...

Persistent link: https://www.econbiz.de/10010276395

Unions, Increasing Returns and Endogenous Fluctuations

Modesto, Leonor; Lloyd-Braga, Teresa; Coimbra, Rui - 2000

We analyse the implications of unions (efficient bargaining) for multiplicity of stationary states and welfare, local indeterminacy, bifurcations and endogenous fluctuations (deterministic and stochastic). We use an overlapping generations model with external increasing returns to scale, where...

Persistent link: https://www.econbiz.de/10010262436

Growth, development, and technological change

Grossmann, Volker; Steger, Thomas M. - 2007

The theory of endogenous technical change has deeply contributed to our understanding of the fundamental sources of …

Persistent link: https://www.econbiz.de/10010267717

Entrepreneurial innovation and sustained long-run growth without weak or strong scale effects

Grossmann, Volker - 2008

R&D-based growth theory suggests that a larger population size raises either the long-run rate of economic growth …

Persistent link: https://www.econbiz.de/10010268664

The measurement of child costs: a rothbarth-type method consistent with scale economies

Bargain, Olivier; Donni, Olivier - 2009

We propose a new methodology to estimate the share of household income accruing to children (i.e., the cost of children). Following the principle of the Rothbarth approach, the identification of the children's share requires the observation of at least one adult-specific good. However, our...

Persistent link: https://www.econbiz.de/10010269709

The measurement of child costs: evidence from Ireland

Bargain, Olivier; Donni, Olivier; Gbakou, Monnet Benoit … - 2009

We apply an extension of the Rothbarth approach to estimate the share of household resources accruing to children (i.e., the cost of children) in Ireland. The method also allows us to identify the economies of scale in the household and indifference scales in Lewbel (2003)'s sense. A practical...

Persistent link: https://www.econbiz.de/10010274025

Unions and the Labor Market for Managers

Pischke, Jörn-Steffen; Hallock, Kevin F.; DiNardo, John - 2000

We examine the relationship between the employment and compensation of managers and CEOs and the presence of a … monitoring, which requires more managers. The model also assumes rent sharing between workers, managers and the owners of the … firm. Unions, by redistributing rents towards the workers, lead to lower employment and lower pay for managers. Using a …

Persistent link: https://www.econbiz.de/10010262364