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 …

may have longer term implications for efficiency since the impact on profitability appears to fall most heavily on firms …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 …

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 …

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 …

' 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 …

. The paper proposes a new test of integration based on convergence in banks' profitability. The new test emphasises the … profitability appears to converge to a common level. There is weak evidence that competition eliminates high profits for these banks …, and underperforming banks tend to show improved profitability. Unlisted European banks differ markedly. Their profits show …