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Why are concavity conditions not satisfied in the cost function? : the case of Japanese manufacturing firms during the bubble period

Ogawa, Kazuo (contributor) - 2008

This paper examines empirically some of the reasons why Japanese manufacturing firms frequently fail to satisfy concavity conditions of the cost function. We focus on the “bubble period” in the 1980s when land was in great demand for reasons related to both production and speculation, and...

Persistent link: https://www.econbiz.de/10003757808

Why are concavity conditions not satisfied in the cost function? : the case of Japanese manufacturing firms during the bubble period

Ogawa, Kazuo - In: Oxford bulletin of economics and statistics 73 (2011) 4, pp. 556-580

Persistent link: https://www.econbiz.de/10009241606

Monetary policy, credit, and real activity : evidence from the balance sheet of Japanese firms

Ogawa, Kazuo - In: Journal of the Japanese and international economies : … 14 (2000) 4, pp. 385-407

Persistent link: https://www.econbiz.de/10001549574

Why are concavity conditions not satisfied in the cost function? The case of Japanese manufacturing firms during the bubble period

Ogawa, Kazuo - 2008

This paper examines empirically some of the reasons why Japanese manufacturing firms frequently fail to satisfy concavity conditions of the cost function. We focus on the 'bubble period' in the 1980s when land was in great demand for reasons related to both production and speculation, and land...

Persistent link: https://www.econbiz.de/10010332199