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 …

future spot exchange rates. This result implies that there have been opportunities for speculative profit during the post … existence of opportunities for speculative profit is explored. The question answered in the paper is the following: if there … were no opportunities for speculative profit, would exchange rates have been more stable? The answer is yes. This answer …

, surprisingly,due more to variations in the cost of capital than to variations in marginal profit. We also find that the present …

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 …

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 …

Profitability, as measured by gross profits-to-assets, has roughly the same power as book-to-market predicting the …, despite having, on average, lower book-to-markets and higher market capitalizations. Controlling for profitability also … profitability explains most earnings related anomalies, as well as a wide range of seemingly unrelated profitable trading strategies …

' 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 documents the increase in the use of lump-sum payments and profit sharing plans in union contracts in the …, and increased pay flexibility. We find evidence that lump-sum and profit sharing arrangements reduced labor cost growth at … evidence suggests that profit sharing plans may be associated with greater flexibility at the firm level, there is no evidence …

Existing research tends to show that profit-sharing plans for employees are associated with higher company productivity … and profitability, though the causality and mechanisms are unclear. This study uses new data from a survey of 500 U … adoption and presence of profit sharing. Controlling for a variety of influences on productivity, profit sharing adoption is …