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Alternative Compensation Arrangements and Productive Efficiency in Partnerships : Evidence from Medical Group Practice

Gaynor, Martin - 1987

production, as theory has hypothesized. The number of members in a group decreases both the quantity produced and the efficiency … 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 …

Persistent link: https://www.econbiz.de/10012476899

Efficient Recapitalization

Philippon, Thomas - 2009

We analyze government interventions to recapitalize a banking sector that restricts lending to firms because of debt overhang. We find that the efficient recapitalization program injects capital against preferred stock plus warrants and conditions implementation on sufficient bank participation....

Persistent link: https://www.econbiz.de/10012463719

Taxation and the Sources of Growth : Estimates from United States Multinational Corporations

Cummins, Jason G. - 1998

Capital income tax policy affects investment by the parent and affiliates of multinational corporations (MNCs). In a model in which technical advances are embodied in new capital, investment will translate directly into productivity gains. In this paper, I use this framework to guide the growth...

Persistent link: https://www.econbiz.de/10012472274

Experimental Estimates of Education Production Functions

Krueger, Alan B. - 1997

This paper analyzes data from Project STAR, an experiment in which 11,600 Tennessee kindergarten students and teachers were randomly assigned to one of three types of classes beginning in the 1985-86 school year: small classes (13-17 students), regular-size classes (22-25 students) teacher's...

Persistent link: https://www.econbiz.de/10012472763

Index Number and Factor Demand Approaches to the Estimation of Productivity

Good, David H. - 1996

In this paper we review a number of analytical methods and issues related to identifying and estimating the source of productivity growth. The two major methods used in measuring productivity growth -- index number and econometric estimation approach -- are briefly discussed. Substantive issues...

Persistent link: https://www.econbiz.de/10012473043

The "Fundamental Transformation" in Macroeconomics

Caballero, Ricardo J. - 1996

When factors enter into joint-production, they typically develop a degree of specificity with respect to each other. It is well known that, when combined with contracting difficulties, specificity gives rise to a Williamsonian 'Fundamental Transformation' from an ex-ante competitive relationship...

Persistent link: https://www.econbiz.de/10012473392

Aggregate Productivity and the Productivity of Aggregates

Basu, Susanto - 1995

Explanations of procyclical productivity play a key role in a variety of business-cycle models. Most of these models, however, explain this procyclicality within a representative-firm paradigm. This procedure is misleading. We decompose aggregate productivity changes into several terms, each of...

Persistent link: https://www.econbiz.de/10012473485

Accounting for Growth With New Inputs

Feenstra, Robert C. - 1992

In this paper we examine how to account for growth when new inputs are being created. In particular, we obtain a decomposition of growth into that due to a higher quantity of existing inputs, and that due to a greater range of inputs. This decomposition is first obtained for a single firm, with...

Persistent link: https://www.econbiz.de/10012474859

Economic Capacity Utilization and Productivity Measurement for Multi-product firms with multiple quasi-fixed inputs

Berndt, Ernst R. - 1989

In this paper we develop measures of economic capacity output and economic capacity utilization for firms producing multiple outputs and having one or .ore quasi-fixed inputs. Although we produce an impossibility theorem showing that based only on the assumption of cost minimization, the concept...

Persistent link: https://www.econbiz.de/10012476121

Does EdTech Substitute for Traditional Learning? Experimental Estimates of the Educational Production Function

Bettinger, Eric - 2020

Experimental studies rarely consider the shape and nature of the education production function, which is useful for deriving optimal levels of input substitution in increasingly resource constrained environments. Because of the rapid expansion of EdTech as a substitute for traditional learning...

Persistent link: https://www.econbiz.de/10012481924

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