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Measuring Economic Efficiency Using Inverse-Optimum Weights
Hendren, Nathaniel - 2014
This paper provides a method to measure the traditional Kaldor-Hicks notion of “economic efficiency” when taxes affect … behavior. In contrast to traditional unweighted surplus, measuring efficiency requires weighting individual benefits (or … results suggest that measuring economic efficiency requires weighting surplus accruing to the poor roughly 1.5-2 times more …
Persistent link: https://www.econbiz.de/10013049692
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Alternative Compensation Arrangements and Productive Efficiency in Partnerships : Evidence from Medical Group Practice
Gaynor, Martin; Pauly, Mark V. - 2021
arrangements on productive efficiency in medical group practices. The technique employed is two-stage production frontier … estimation. This technique provides direct estimates of productive efficiency and allows for differences across agents in ability … or responsiveness to financial incentives. In the frontier literature productive efficiency is assumed to be exogenously …
Persistent link: https://www.econbiz.de/10013224695
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Is Debt Relief Efficient?
Arslanalp, Serkan - 2004
percent a $13 billion increase in shareholder value. The results suggest that debt relief can generate large efficiency gains …
Persistent link: https://www.econbiz.de/10012785959
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Infrastructure Capital and Economic Growth : How Well You Use it May Be More Important than How Much You Have
Hulten, Charles R. - 2010
and low growth rate economies. Here, more than forty percent of the growth differential is due to the efficiency effect …
Persistent link: https://www.econbiz.de/10012763683
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Innovation and Welfare : Results from Joint Estimation of Production and Demand Functions
Jaumandreu, Jordi - 2010
This paper develops a simple framework to estimate the parameters of the production function together with the elasticity of the demand for the output and the impact of demand and cost shifters. The use of this framework helps, in the first place, to treat successfully the difficult problem of...
Persistent link: https://www.econbiz.de/10013139891
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Immigration and Production Technology
Lewis, Ethan G. - 2014
Research on the labor market impact of immigration typically relies on a single-good model of production with separable capital. This article discusses theory and evidence that suggest that this standard model is too simple to capture the labor market impact of immigration. A reasonable level of...
Persistent link: https://www.econbiz.de/10013065644
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Markups and Firm-Level Export Status
De Loecker, Jan - 2010
Estimating markups has a long tradition in industrial organization and international trade. Economists and policy makers are interested in measuring the effect of various competition and trade policies on market power, typically measured by markups. The empirical methods that were developed in...
Persistent link: https://www.econbiz.de/10013151809
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Identification in Matching Games
Fox, Jeremy T. - 2010
I study a many-to-many, two-sided, transferable-utility matching game. Consider data on matches or relationships between agents but not on the choice set of each agent. I investigate what economic parameters can be learned from data on equilibrium matches and agent characteristics. Features of a...
Persistent link: https://www.econbiz.de/10013152436
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Rethinking the Gains from Immigration : Theory and Evidence from the U.S
Ottaviano, Gianmarco I.P. - 2005
Recent influential empirical work has emphasized the negative impact immigrants have on the wages of U.S.-born workers, arguing that immigration harms less educated American workers in particular and all U.S.-born workers in general. Because U.S. and foreign born workers belong to different...
Persistent link: https://www.econbiz.de/10012784233
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The Microeconomic Foundations of Aggregate Production Functions
Baqaee, David Rezza - 2018
Aggregate production functions are reduced-form relationships that emerge endogenously from input-output interactions between heterogeneous producers and factors in general equilibrium. We provide a general methodology for analyzing such aggregate production functions by deriving their first-...
Persistent link: https://www.econbiz.de/10012907445