In this article the concept of multiproduct cost economies is modified to the case of production at vertically related stages to derive an explicit and general measure of economies of vertical integration. The utility of this measure is then demonstrated ...

With U.S. multinational enterprises playing increasingly important roles in the global economy, it is important to understand the efficiency of their capital budgeting decisions. We examine an unbalanced panel of 332 U.S. firms from 1992-2000. Using the deviation of a firm's estimated marginal...

Instructional dataset, N=90 Observations on 6 Firms, Cost Data for U.S. Airlines Accompanying Econometric Analysis, William H. Greene, Prentice Hall, 4th ed. (c) 2000

Instructional dataset, N=25, Statewide Data on Transportation Equipment Manufacturing Accompanying Econometric Analysis, William H. Greene, Prentice Hall, 4th ed. (c) 2000

Instructional dataset, N=128 Quarterly Observations, Consumption and Income data Accompanying Econometric Analysis, William H. Greene, Prentice Hall, 4th ed. (c) 2000

Instructional dataset, N=601, Fair's (1997) Extramarital Affairs Data Accompanying Econometric Analysis, William H. Greene, Prentice Hall, 4th ed. (c) 2000

Instructional dataset, N=36 Yearly Observations, Data on the U.S. Gasoline Market Accompanying Econometric Analysis, William H. Greene, Prentice Hall, 4th ed. (c) 2000