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Using firm optimization to evaluate and estimate returns to scale

Gorodnichenko, Yuriy - 2008

At the firm level, revenue and costs are well measured but prices and quantities are not. This paper shows that because of these data limitations estimates of returns to scale at the firm level are for the revenue function, not production function. Given this observation, the paper argues that,...

Persistent link: https://www.econbiz.de/10010268849

Impact of technology on the competitiveness of the Indian small manufacturing sector: A case study of the automotive component industry

Bhavani, T. A. - 2002

This paper endeavours to study the impact of technology on the competitiveness of the Indian small-scale automotive component units. The effect of technology is measured by directly introducing it in the production function along with the conventional inputs. For the purpose of analysis, we have...

Persistent link: https://www.econbiz.de/10010279214

Estimating Economies of Scale and Scope with Flexible Technology

Triebs, Thomas; Saal, David S.; Arocena, Pablo; … - 2012

Economies of scale and scope are typically modelled and estimated using cost functions that are common to all firms in an industry irrespective of whether they specialize in a single output or produce multiple outputs. We suggest an alternative flexible technology model that does not make this...

Persistent link: https://www.econbiz.de/10010312125

The aggregate Le Chatelier Samuelson principle with Cournot competition

Koebel, Bertrand M.; Laisney, François - 2010

importance of imperfect competition for understanding aggregate growth, investment and employment. …

Persistent link: https://www.econbiz.de/10010299963

Uncertainty and capacity constraints: Reconsidering the aggregate production function

Gracia, Eduard - In: Economics: The Open-Access, Open-Assessment E-Journal 5 (2011) 2011-19, pp. 1-50

The CobbDouglas function is today one of the most widely adopted assumptions in economic modeling, yet both its theoretical and empirical bases have long been under question. This paper builds an alternative function on very different (albeit also neoclassical) microfoundations aimed at both...

Persistent link: https://www.econbiz.de/10010307562

Scale economies can offset the benefits of competition: Evidence from a school consolidation reform in a universal voucher system

de Haan, Monique; Leuven, Edwin; Oosterbeek, Hessel - 2011

context scale economies dominated the effects of choice and competition. This points to an often ignored trade-off between … scale and competition. …

Persistent link: https://www.econbiz.de/10010278683

Europe In The Global Economy: Matching The U.S.?

Ude, Christian; Teltschik, Horst; Sinn, Hans-Werner - In: CESifo Forum 04 (2003) 2, pp. 3-7

Persistent link: https://www.econbiz.de/10011695727

Elintarvikkeiden hinnanmuodostus ja markkinoiden toimivuus

Kotilainen, Markku; Koski, Heli; Mankinen, Reijo; … - 2010

the international comparisons, the price formation of the food chain, degree of concentration, competition, and the …, competition works in Finland just as well in agriculture, the foodstuffs industry and the wholesale and retail trade as it does in … from the standpoint of competition and consumer choice; the position of small producers can best be improved by fostering …

Persistent link: https://www.econbiz.de/10010273052

Product market competition, corporate governance and firm performance: an empirical analysis for Germany

Januszewski, Silke I.; Köke, Jens; Winter, Joachim K. - 1999

comparison with the United States. It has been argued that lack of product market competition and poor corporate governance are … manufacturing firms over the 1986-94 period, we find that firms operating in industries which are characterized by more intensive … product market competition experience higher rates of productivity growth. We also find weak evidence for the notion that in …

Persistent link: https://www.econbiz.de/10010297660

Entry, exit, and the determinants of market structure

Dunne, Timothy; Klimek, Shawn D.; Roberts, Mark J.; Xu, … - 2013

competition are all found to be important determinants of long-run firm values, firm turnover, and market structure. Estimates for …

Persistent link: https://www.econbiz.de/10010397677