This article examines the forces driving output growth in 21 manufacturing industries at the 3-digit level in Hong Kong during the period 1976 to 1997. A varying frontier coefficients model is adopted that relaxes the assumption of homogeneous application of the best practice production...

Based on a lifetime consideration, previous research has extended Frank’s graphical model with borrowing, property taxes and moving costs to analyse the welfare effects of housing appreciation and depreciation, and has shown that appreciation can make homeowners worse off, but...

This study provides evidence of consumers’ different attitudes toward asymmetric information in different Internet auction markets, using data of the iPod nano MP3 player from Yahoo! Japan Auctions and Yahoo! Kimo. The estimation results indicate that while non-positive reputation has a...

Two versions of research and development (R&D) activities in a Hotelling model with endogenous spillover effect, one with cost-reducing R&D and the other with quality-improving R&D, are analyzed in this paper. The result points out that two such kinds of R&D activities will share identical...

This study first explores why the shares of factor inputs have not been measured correctly and concludes that the earlier findings are biased due to the miscalculation of factor shares which have produced low estimated total factor productivity (TFP) growth in the East Asian countries. Second,...

type="main" <p>This study investigates a sequential game of location and transportation mode choices, as well as the subsequent quantity choice. The results show that spatial Cournot competition with directional delivery constraints yields a richer set of spatial configurations, involving midpoint...</p>

type="main" xml:lang="es" <title type="main">Resumen</title> <p>Este artículo investiga la teoría de la discriminación espacial para demandas generales y costos de transporte generales en un modelo de concentración en dos extremos (barbell), donde se supone que las ubicaciones de los mercados están en puntos totalmente...</p>

This paper provides a simple, realistic, and very slightly modified version of the production technology in Hotelling’s (Econ J 39:41–57, <CitationRef CitationID="CR19">1929</CitationRef>) spatial model with linear transportation costs to overcome the nonexistence problem of equilibrium—decreasing returns to scale. It is shown that a...</citationref>