The principal aim of this paper is to measure the amount by which the profit of a multi-input, multi-output firm deviates from maximum short-run profit, and then to decompose this profit gap into components that are of practical use to managers. In particular, our interest is in the measurement...

Presented at: NATIONAL AUTONOMUOS UNIVERSITY OF NICARAGUA, LEONINVESTIGATION VICERECTOR, POSTPGRADUATE AND SOCIAL PROJECTION2th SCIENTIFIC CONGRESS¨THE INVESTIGATION A WAY TO THE KNOWLEGE AND DEVELOPMENT¨17 NOVIEMBRE 2009

The method of elicitation has an important effect on valuations. We investigate the effect of perspective on decision makers' elicited values. We conduct experimental sessions in which participants act as sellers or buyers, and replicate the disparity between willingness to accept and...

Cada año se invierte una significativa cantidad de recursos en mejorar las infraestructuras de transporte de los países en desarrollo. En este artículo investigamos los efectos de un gran proyecto de este tipo: el Golden Quadrilateral de la India. Para ello, utilizamos un modelo de comercio...

This paper evaluates how efficiently farm households allocate labor between farm and off-farm activities. It estimates farm and off-farm labor supply functions to determine the factorsthat influence labor allocation. Both the shadow wage and the off-farm wage rate are includedas regressors in...

This thesis investigates a range of issues related to the industry-level productivity growth in Australia. It approaches the issues from three different, but related angles. First, it derives the estimates of the industry-level multifactor productivity (MFP) index for the 12 market-sector...

This paper explores the dynamics of price-cost mark-ups using firm-level data, paying particular attention to the crisis period 2008-2011. To this end, we apply the econometric framework developed by Klette (1999) to a comprehensive sample of Spanish non-financial corporations in order to...

Firm panel data sets over the period 1993 to 2002 are used to estimate translog production functions with labour, capital and material inputs for 9 Spanish food industries. To tackle the endogeneity of the regressors, the generalized method of moments estimations is employed. The specification...

This research evaluates the efficiency of swine firms differing by specialization type and employed technologies. Measures of technical, allocative, scale, economic, and overall efficiency are separately and jointly estimated for farrow-to-finish, farrow-to-feeder, feeder-to-finish,...

This paper examines the farm size and productivity relationship using data from Nepalese mid hills. The household data used has been drawn from a survey conducted by the author and financed by the Norwegian University of Life Science. The analysis uses models both allowing for and not allowing...