Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/52108
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dc.contributor.authorDupuy, Arnauden_US
dc.contributor.authorSorensen, Todden_US
dc.date.accessioned2011-10-13en_US
dc.date.accessioned2011-11-23T11:44:10Z-
dc.date.available2011-11-23T11:44:10Z-
dc.date.issued2011en_US
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_US
dc.language.isoengen_US
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen_US
dc.relation.ispartofseries|aDiscussion paper series // Forschungsinstitut zur Zukunft der Arbeit |x5881en_US
dc.subject.jelD2en_US
dc.subject.jelJ42en_US
dc.subject.jelJ23en_US
dc.subject.ddc330en_US
dc.subject.keywordinput market frictionsen_US
dc.subject.keywordlabor market frictionsen_US
dc.subject.keywordestimation of factor demanden_US
dc.titleOn input market frictions and estimation of factors demanden_US
dc.typeWorking Paperen_US
dc.identifier.ppn669857343en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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