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Production functions provide a mapping from the firms' input quantity and productivity to output quantity. This mapping only generates unbiased estimates if input and output quality variation within and between observation units is accounted for. I review and classify state-of-the-art methods to...
Persistent link: https://www.econbiz.de/10014633258
Produktivität wird allgemein als treibende Kraft für das Wirtschaftswachstum und als Indikator für den materiellen Wohlstand einer Gesellschaft angesehen. Jedoch haben viele Industrieländer in den letzten Jahrzehnten ein rückläufiges Produktivitätswachstum und eine Ausweitung der...
Persistent link: https://www.econbiz.de/10012261564
Production functions provide a mapping from the firms' input quantity and productivity to output quantity. This mapping only generates unbiased estimates if input and output quality variation within and between observation units is accounted for. I review and classify state-of-the-art methods to...
Persistent link: https://www.econbiz.de/10014631677
I develop a general framework for markup and markdown estimation that allows for profit sharing along value chains without making assumptions on conduct between vertically related firms. I derive the conditions under which the markup and markdown estimates relate to the firms' equilibrium...
Persistent link: https://www.econbiz.de/10014631791