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companies (WaSCs) in England and Wales. We apply a panel index approach across WaSCs over time to decompose unit …-specific (temporal) index number based profitability growth as a function of the profitability, productivity and price performance growth … that the steady decline in average price performance, gains in productivity and relatively stable economic profitability …
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quantities, variety and productivity. Under constant elasticity of demand, each firm prices above its average cost, yet we show …
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