| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14114 |
| DP14114 Using Cost Minimization to Estimate Markups | |
| Ulrich Doraszelski; Jordi Jaumandreu | |
| 发表日期 | 2019-11-12 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | De Loecker & Warzynski’s (2012) method for recovering markups from cost-minimization conditions and estimated input elasticities yields either larger or smaller markups for exporters than for non-exporters depending on the input (labor or materials) employed. We point out two difficulties. First, under imperfect competition, an Olley & Pakes (1996) style estimator for input elasticities has to account for markups. Second, with commonly used specifications of the production function, the cost-minimization conditions do not match the variation in the data. We discuss how to address these difficulties. According to our estimates, the markups of exporters and non-exporters are essentially the same. |
| 主题 | Industrial Organization |
| URL | https://cepr.org/publications/dp14114 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543002 |
| 推荐引用方式 GB/T 7714 | Ulrich Doraszelski,Jordi Jaumandreu. DP14114 Using Cost Minimization to Estimate Markups. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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