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dc.contributor.authorDupuy, Arnauden
dc.contributor.authorSorensen, Todden
dc.date.accessioned2011-10-13-
dc.date.accessioned2011-11-23T11:44:10Z-
dc.date.available2011-11-23T11:44:10Z-
dc.date.issued2011-
dc.identifier.urihttp://hdl.handle.net/10419/52108-
dc.description.abstractIn 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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x5881en
dc.subject.jelD2en
dc.subject.jelJ42en
dc.subject.jelJ23en
dc.subject.ddc330en
dc.subject.keywordinput market frictionsen
dc.subject.keywordlabor market frictionsen
dc.subject.keywordestimation of factor demanden
dc.titleOn input market frictions and estimation of factors demand-
dc.typeWorking Paperen
dc.identifier.ppn669857343en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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