The Cobb-Douglas function is today one of the most widely-adopted assumptions in economic modeling, yet both its theoretical and empirical basis have long been under question. The purpose of this paper is to build an alternative production function on neoclassical microfoundations to address...

We evaluate the determinants of matching efficiency changes through a stochastic Cobb- Douglas production frontier model extended to allow the efficiency coefficient to depend on variables meant to capture workers and firms characteristics. We apply this methodology to examine regional...

This paper uses data from a nationally representative panel of establishments to estimate the effects of German works councils on firm performance, 1997 - 2000. We analyze the impact of this institution on sales and sales growth using OLC and fixed effect estimates of a translog production...