We measure the capacity output of a firm as the maximum amount producible by a firm given a specific quantity of the quasi-fixed input and an overall expenditure constraint for its choice of variable inputs. We compute this indirect capacity utilization measure for the total manufacturing sector...

We measure the capacity output of a firm as the maximum amount producible by a firm given a specific quantity of the quasi-fixed input and an overall expenditure constraint for its choice of variable inputs. We compute this indirect capacity utilization measure for the total manufacturing sector...

This dissertation examines the relationship between horizontal mergers, technical efficiency and capacity utilization using the empirical evidence from the U.S. manufacturing industries during 1990s. In particular, three main questions about horizontal mergers are addressed: (1) do horizontal...