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IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA) >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/52108
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Dupuy, Arnaud | | en_US |
| dc.contributor.author | | Sorensen, Todd | | en_US |
| dc.date.accessioned | | 2011-10-13 | | en_US |
| dc.date.accessioned | | 2011-11-23T11:44:10Z | | - |
| dc.date.available | | 2011-11-23T11:44:10Z | | - |
| dc.date.issued | | 2011 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/52108 | | - |
| dc.description.abstract | | In this paper we explore the impact of imperfectly competitive input markets on production function estimation. First order profit maximizing conditions are altered when frictions in input markets cause the elasticity of input supply to the firm to be finite. A consequence of this is that the standard econometric model used for production function estimation will be misspecified. We prove that, in all non trivial cases, finite elasticities of supply to the firm will lead to inconsistent estimates of production function parameters. Monte Carlo simulations show that the resulting bias can be economically significant. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | IZA Bonn | | en_US |
| dc.relation.ispartofseries | | Discussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5881 | | en_US |
| dc.subject.jel | | D2 | | en_US |
| dc.subject.jel | | J42 | | en_US |
| dc.subject.jel | | J23 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | input market frictions | | en_US |
| dc.subject.keyword | | labor market frictions | | en_US |
| dc.subject.keyword | | estimation of factor demand | | en_US |
| dc.title | | On input market frictions and estimation of factors demand | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 669857343 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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