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firm's marginal production costs. We test the theory by exploiting the opening of a high-speed (Shinkansen) train line in … locations. Low search and outsourcing costs lead firms to search more and find better suppliers. This in turn drives down the … Japan which lowered the cost of passenger travel but left shipping costs unchanged. Using an exhaustive dataset on firms …
Persistent link: https://www.econbiz.de/10013024518
preference factors in order to separately identify risk preferences, information frictions, and perceived plan hassle costs. The … dimensions that they are typically assumed to understand, perceive high plan hassle costs, and make choices that depend on these …
Persistent link: https://www.econbiz.de/10013224390
We use data from a sample of day care centers to estimate the relationships between cost and the quality of the child care service provided, and between revenue and quality. We use a measure of child care quality derived from an instrument designed by developmental psychologists. This measure of...
Persistent link: https://www.econbiz.de/10013210587
We study how changes in energy input costs for U.S. manufacturers affect the relative welfare of manufacturing …, 70 percent of energy price-driven changes in input costs get passed through to consumers in the short- to medium-run. The …
Persistent link: https://www.econbiz.de/10012991670
will be affordable. In this paper, I present the facts about how much accountability costs. The facts are, fortunately …, highly knowable because costs show up both as expenditures on government budgets and as revenues on companies' (mainly test … makers') accounts. Moreover, it turns out that worrying about measurement error in the cost data is pointless. The costs of …
Persistent link: https://www.econbiz.de/10013240547
I develop a new theory of marketing costs and introduce it into a model of trade with product differentiation and firm …
Persistent link: https://www.econbiz.de/10012770681
focuses on tradable tasks and use it to study how falling costs of offshoring affect factor prices in the source country. We …
Persistent link: https://www.econbiz.de/10012779022
We model the decisions of a multi-product firm that faces a fixed "menu" cost: once it is paid, the firm can adjust the price of all its products. We characterize analytically the steady state firm's decisions in terms of the structural parameters: the variability of the flexible prices, the...
Persistent link: https://www.econbiz.de/10013108604
A model is estimated for oligopolistic industries producing multiple outputs in short-run equilibrium. Outputs are sold domestically and exported, while capital is treated as a quasi-fixed factor. The model is applied to the Canadian nonelectrical machinery, electrical products and chemical...
Persistent link: https://www.econbiz.de/10013324015
costs driven by changes in factor prices than to increases in marginal cost precipitated by expansions in output. We explore …
Persistent link: https://www.econbiz.de/10013310210