Adjustment costs and the identification of Cobb Douglas production functions.
Cobb Douglas production function parameters are not identified from cross-section variation when inputs are perfectly flexible and chosen optimally, and input prices are common to all firms. We consider the role of adjustment costs for inputs in identifying these parameters in this context. The pres...
| Hoofdauteurs: | , |
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| Formaat: | Working paper |
| Taal: | English |
| Gepubliceerd in: |
Nuffield College (University of Oxford)
2005
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