Some unpleasant markup arithmetic: production function elasticities and their estimation from production data
The ratio estimator of a firm's markup is the ratio of the output elasticity of a variable input to that input's cost share in revenue. This note raises issues that concern identification and estimation of markups using the ratio estimator. Concerning identification: (i) if the revenue ela...
| Main Authors: | , , , |
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| Format: | Working paper |
| Published: |
University of Oxford
2020
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