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We introduce a new measure of competition: the elasticity of a firm's profits with respect to its cost level. A higher value of this profit elasticity (PE) signals more intense competition. Using firm-level data we compare PE with the most popular competition measures such as the price cost...
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Index, even more clearly measures vote shifting needed to produce tied, then changed outcomes, with weighting by the …'s Index of Fractionalization – are highly correlated. Methods of expanding these measures to include non-voters or no …
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