If productivity increases more slowly for services than for manufactured goods then services suffer from Baumol's cost …; increase taxes (and hence tax distortions), cut spending or redistribute less. Under the assumptions underlying Baumol's cost …

, cost of coal purchases among coal-fired power plants using a panel data set from 1991 to 2005. Our study focuses … percent decrease in unit cost of heat input, and (3) a lower capacity factor even after adjusting for cross-plant generation … re-allocation due to cost reductions. Based on these estimates, back-of-the-envelope calculations find that restructuring …

episodes of financial distress and they also have an incentive to increase risk to exploit the cost-of-funds subsidy of … relationship to size requires untangling cost and profit from decisions about risk versus expected-return because both cost and … higher levels of risk-taking. Studies of banking cost that ignore endogenous risk-taking find little evidence of scale …

charters from episodes of financial distress, and they also have an incentive to increase risk to exploit the cost … relationship to size requires untangling cost and profit from decisions about risk versus expected return because both cost and … higher levels of risk-taking. Studies of commercial banking cost that ignore endogenous risk-taking find little evidence of …

determining R&D per patent investments, economies of scale in knowledge production, and the cost of (further) specialization …