Results 81 to 90 of about 2,840 (220)

Expert Asymmetry: Evidence From Securities Litigation

Journal of Empirical Legal Studies, EarlyView.
ABSTRACT Modern litigation often involves two separate, extra‐legal features: (1) contingency fee arrangements with the plaintiff‐side attorney, and (2) a “battle of the experts” where the outcome of the case rests on conflicting expert witness testimony.
Adam Callister, Andrew Granato, Belisa Pang   +2 more
wiley   +1 more source

Why Is the Cobb-Douglas Production Function so Popular?

SSRN Electronic Journal, 2022
AbstractIt is well known that, in continuous time, the Cobb-Douglas function can be derived from the underlying, data governing, accounting identity under some reasonable assumptions (factor shares are constant, and the weighted growth of the labour input price and the capital input price is constant).
openaire   +1 more source

Somebody Knows Something: Managerial Ability, Product Development, and Return‐on‐Investment in a Hit‐Driven Industry

Journal of Economics &Management Strategy, EarlyView.
ABSTRACT In hit‐driven industries, product development is associated with a right‐skewed unconditional distribution of performance, and products in the right tail have outsized impacts. Understanding how exceptional performance is generated can improve resource allocation, but the literature advances two different narratives: one emphasizes postrelease
Darren Filson
wiley   +1 more source

Concept of indirect optimization of the Cobb-Douglas function via reciprocal-variable transformation: Case of unknown constraint

Examples and Counterexamples
We investigate an indirect optimization problem of a Cobb-Douglas function under an unknown budget constraint. The proposed approach relies on a reciprocal transformation applied to the first-order multivariate marginal conditions, enabling the ...
Boaz Wadawa
doaj   +1 more source

Worker Heterogeneity and the Effect of Noncompetes on Firm Performance

Journal of Economics &Management Strategy, EarlyView.
ABSTRACT Using staggered state‐level changes in noncompete enforceability, we document that reduced enforcement increases profitability, valuation, productivity, and plant‐level growth in knowledge‐worker‐intensive firms relative to other firms. Critically, these gains are concentrated among the most productive knowledge‐worker firms, consistent with ...
Zhaozhao He, Modupe Babajide Wintoki
wiley   +1 more source

The world population development according to a dynamic extension of the Wicksellian production function

Sustainability Analytics and Modeling
Based on UN figures for the World Population Development combined with the Wicksellian production function, we develop expressions for how the population development depends on capital (saved income) and the maximisation of future discounted per capita ...
Robert W. Grubbström
doaj   +1 more source

Financial Fragility and the Fiscal Multiplier

Journal of Money, Credit and Banking, EarlyView.
Abstract We show that undercapitalized banks with large holdings of government bonds subject to sovereign default risk lead to a new crowding‐out channel: deficit‐financed fiscal stimuli lead to higher bond yields, triggering capital losses for the banks. Banks then cut back loans, which reduces fiscal multipliers.
CHRISTIAAN VAN DER KWAAK, SWEDER VAN WIJNBERGEN   +1 more
wiley   +1 more source

Monetary Policy When Preferences Are Quasi‐Hyperbolic

Journal of Money, Credit and Banking, EarlyView.
Abstract We study discretionary monetary policy in an economy where economic agents have quasi‐hyperbolic discounting. We demonstrate that a benevolent central bank is able to keep inflation under control for a wide range of discount factors. If the central bank, however, does not adopt the household's time preferences and tries to discourage early ...
RICHARD DENNIS, OLEG KIRSANOV
wiley   +1 more source

CBDC as Imperfect Substitute to Bank Deposits: A Macroeconomic Perspective

Journal of Money, Credit and Banking, EarlyView.
Abstract The impact of Central Bank Digital Currency (CBDC) is analyzed in a closed‐economy model with monopolistic competition in banking and where CBDC is an imperfect substitute with bank deposits. The design of CBDC is characterized by its interest rate, its substitutability with bank deposits, and its relative liquidity.
PHILIPPE BACCHETTA, ELENA PERAZZI
wiley   +1 more source

Estimation of a Production Function for Philippine Retail Stores

ECONOMICS, 2019
The purpose of this paper is the estimation of a production function for retail stores in the Philippines. A generalized Cobb-Douglas production function is utilized for this purpose. Ordinary Least Squares is used in obtaining the coefficients for labor
Patalinghug Jason C.
doaj   +1 more source