The purpose of this paper is to treat scale economies, profit-maximizing markups, economic profitability, capacity … run profit potential from markup behavior. As a result, on average economic profits are normal, but declining … profitability is prevalent in most industries since the early 1970s. Also, although cost and revenue shares tend to be approximately …

estimated. Using the full rainfall distribution and our profit function estimates, we find that Indian farmers on average under … expected profits. Farmers who use skilled forecasts have increased average profit levels but also have more variable profits …

' future returns. Becoming more skilled, however, can reduce a manager's expected profit if enough other managers also become … more skilled. The greater skill allows those managers to identify profit opportunities more accurately, but active …

This paper examines the impact of unionization on profit- ability, growth and productivity using time series data on … negative union effects on profitability, but growth, productivity and the capital-labor ratio appear to be little affected by … may have longer term implications for efficiency since the impact on profitability appears to fall most heavily on firms …

We explore how changes in ownership and managerial control affect the productivity and profitability of producers … gains in capacity utilization that raised both their productivity and profitability levels, consistent with acquiring owner …

industries to which the hypothesis is relevant, markups change in the direction predicted by the theory. These changes are …

. Formal theory on boards of directors has been quite limited to this point. Most empirical work on boards has been aimed at … answering one of three questions: 1) How are board characteristics such as composition or size related to profitability? 2) How …

, profitability, investment, and stock returns for firms in the 'crisis' country as well as competitors in the rest of the world … operating-profit growth rates about 15%-25% higher than competitors in other countries; 3) The effect of devaluations on fixed …