Results 101 to 110 of about 10,408 (267)

Three Paradoxes with The Cobb-Douglas Production Function

European Journal of Business and Management, 2019
The output elasticities of inputs seem all about what an applied researcher is concerned with. The Cobb-Douglas production functions formulae possess the convenient property that the exponents of inputs readily represent the output elasticities of inputs
Ozcam, Dilek Saglik, Ozcam, Ahmet
openaire   +3 more sources

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

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

Productivity effect and overuse of pesticide in crop production in China

Journal of Integrative Agriculture, 2015
Chinese farmers are often accused of overusing pesticides that play a crucial role in enhancing crop yield by reducing losses to crop pests. Pesticide overuse has caused a series of negative health and environmental externalities.
Chao ZHANG, Shi Guanming, Jian SHEN, Rui-fa HU   +3 more
doaj   +1 more source

On the Geometry of Linking Production to Cost: The Case for Cobb-Douglas [PDF]

, 2019
In introductory and intermediate microeconomics courses, students are taught about production functions and cost functions but rarely are they shown a direct link between production and cost.
Stephen Erfle
core  

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

The normalized CES production function: theory and empirics [PDF]

The elasticity of substitution between capital and labor and, in turn, the direction of technical change are critical parameters in many fields of economics.
Willman, Alpo, Klump, Rainer, McAdam, Peter   +2 more
core  

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

Efficient Estimates of a Model of Production and Cost

In 1944, Marschak and Andrews published a seminal paper on how to obtain consistent estimates of a production technology. The original formulation of the econometric model regarded the joint estimation of the production function together with the first ...
Caputo, Michael R., Paris, Quirino
core   +2 more sources