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The aggregate Le Chatelier Samuelson principle with Cournot competition

Koebel, Bertrand M.; Laisney, François - 2010

This paper studies the aggregate substitution and expansion effects triggered by changes in input prices, in a context where firms supply a homogenous commodity and compete in quantities à la Cournot. We derive a sufficient condition for the existence of a Cournot equilibrium and show that this...

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

The Elasticities of Complementarity and Substitution

Broer, Peter - 2004

This paper argues that the conventional definition of the elasticity of complementarity is not well suited to deal with the case of increasing returns. It proposes a slightly different formula, that uses a distance function formulation instead of a production function. The proposed definition...

Persistent link: https://www.econbiz.de/10010325495

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

Returns-to-scale properties in DEA models: The fundmantal role of interior points

Krivonozhko, Vladimir; Førsund, Finn R. - 2009

Attempts can be found in the DEA literature to identify returns to scale at efficient interior points of the production possibility set on the basis of returns to scale at points of the corresponding reference sets. However, an opposite approach is put forward in this paper, advocating that...

Persistent link: https://www.econbiz.de/10010285619

Managerial versus production wages: Offshoring, country size and endowments

Benz, Sebastian; Kohler, Wilhelm - 2011

We explore the role of trade in differentiated final goods as well ollshoring of tasks for inequality both within and between countries. We emphasize the distinction between managerial and production labor. Managerial labor is a fixed input while production labor is a variable input. Following...

Persistent link: https://www.econbiz.de/10010305870

Managerial versus production wages: Offshoring, country size and endowments

Benz, Sebastian; Kohler, Wilhelm - 2010

In this paper, we explore the role of trade in differentiated final goods as well offshoring of tasks for inequality both within and between countries. We emphasize the distinction between managerial and production labor. Production labor is assumed to be a variable input composed of tradable...

Persistent link: https://www.econbiz.de/10010275053

Do managers with limited liability take more risky decisions? An information acquisition model

Malcomson, James M. - 2010

Risk-neutral individuals take more risky decisions when they have limited liability. Risk-neutral managers may not when …

Persistent link: https://www.econbiz.de/10010275809

Managers and Students Playing Cournot: Experimental Evidence from Malaysia

Waichman, Israel; Requate, Till; Siang, Ch'ng Kean - 2008

, and Malaysian managers. While German students play Nash, we reject the hypothesis that both Malaysian students and … managers select the Nash quantity. Moreover, Malaysian managers perform significantly less competitively than Malaysian …

Persistent link: https://www.econbiz.de/10010298767

Pre-play communication in Cournot competition: An experiment with students and managers

Waichman, Israel; Requate, Till; Siang, Ch'ng Kean - 2010

experiments, using both students and managers as subjects. Communication is implemented by two different devices, a 'standardized … triopoly. Moreover, managers behave in a similar way under the two communication devices, while students are more influenced by … the free-communication than by the standardized-communication device. In addition, managers select lower aggregate …

Persistent link: https://www.econbiz.de/10010302699

Race, Performance, Pay and Retention among National Basketball Association Head Coaches

Kahn, Lawrence M. - 2004

This paper estimates racial differences in the retention probability, pay and performance of NBA coaches over the 1996-2003 period. Using a hazard function approach, I find small and statistically insignificant racial differences in the exit hazard, conditional on team performance, team payroll,...

Persistent link: https://www.econbiz.de/10010261874

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