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Productivity, Efficiency, Scale Economies and Technical Change : A New Decomposition Analysis
Nemoto, Jiro - 2005
to explore the sources of the productivity change. In summary, technical change and efficiency change are two of the most … shocks also caused downturns in the early and mid 90s. On the other hand, demand shocks captured by the efficiency change …
Persistent link: https://www.econbiz.de/10012467310
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Are There Too Many Farms in the World? Labor-Market Transaction Costs, Machine Capacities and Optimal Farm Size
Foster, Andrew D. - 2017
scales. Using data from the India ICRISAT VLS panel survey we find evidence consistent with these conditions, suggesting that …
Persistent link: https://www.econbiz.de/10012453805
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Changing Returns to Scale in Manufacturing 1880-1930 : The Rise of (Skilled) Labor?
Lafortune, Jeanne; Lewis, Ethan; Martinez, Jose Pablo; … - National Bureau of Economic Research - 2021
This paper estimates returns to scale for manufacturing industries around the turn of the twentieth century in the United States by exploiting an industry-city panel data for the years 1880-1930. We estimate decreasing returns to scale on average over the period, contrary to most of the existing...
Persistent link: https://www.econbiz.de/10012510512
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Entrepot : Hubs, Scale, and Trade Costs
Ganapati, Sharat; Wong, Woan Foong; Ziv, Oren - National Bureau of Economic Research - 2021
Entrepôts are hubs that facilitate trade between multiple origins and destinations. We study these entrepôts, the network they form, and their impact on international trade. We document that the trade network is a hub-and-spoke system, where 80% of trade is shipped indirectly--nearly all via...
Persistent link: https://www.econbiz.de/10012599305
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Data and Market Power
Eeckhout, Jan; Veldkamp, Laura - National Bureau of Economic Research - 2022
Might firms' use of data create market power? To explore this hypothesis, we craft a model in which economies of scale in data induce a data-rich firm to invest in producing at a lower marginal cost and larger scale. However, the model uncovers much richer interactions between data, welfare and...
Persistent link: https://www.econbiz.de/10013210050
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Increasing Returns and the Theory of International Trade
Krugman, Paul R. - 1985
Increasing returns are as fundamental a cause of international trade as comparative advantage, but their role has until recently been neglected because of the problem of modelling market structure. Recently substantial theoretical progress has been made using three different approaches. These...
Persistent link: https://www.econbiz.de/10012477327
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The Comparative Advantage of Educated Workers in Implementing New Technology : Some Empirical Evidence
Bartel, Ann P. - 1985
In this paper we estimate variants of a labor demand equation derived from a (restricted variable) cost function in which "experience"on a technology (proxied by the mean age of the capital stock) enters "non-neutrally." Our specification of the underlying cost function isbased on the hypothesis...
Persistent link: https://www.econbiz.de/10012477361
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The Darwinian Returns to Scale
Baqaee, David - 2020
decompose the change in welfare into changes in technical and allocative efficiency due to reallocation. We non … somewhere between 70% to 90% of the aggregate returns to scale are due to changes in allocative efficiency. In bigger markets … firms enter. However, important as they are, the improvements in allocative efficiency are not driven by oft …
Persistent link: https://www.econbiz.de/10012481722
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Estimating Network Economies in Retail Chains : A Revealed Preference Approach
Ellickson, Paul B. - 2010
We measure the effects of chain economies, business stealing, and heterogeneous firms' comparative advantages in the discount retail industry. Traditional entry models are ill-suited for this high-dimensional problem of strategic interaction. Building upon recently developed profit inequality...
Persistent link: https://www.econbiz.de/10012462819
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The Good, the Bad and the Average : Evidence on the Scale and Nature of Ability Peer Effects in Schools
Lavy, Victor - 2009
In this paper, we study ability peer effects in secondary schools in England and identify which segments of the peer ability distribution drive the impact of peer quality on students‟ achievements. To do so, we use census data for four cohorts of pupils taking their age-14 national tests, and...
Persistent link: https://www.econbiz.de/10012463049