| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w3982 |
| 来源ID | Working Paper 3982 |
| Price Margins and Capital Adjustment: Canadian Mill Products and Pulp and Paper Industries | |
| Jeffrey I. Bernstein | |
| 发表日期 | 1992 |
| 出版年 | 1992 |
| 语种 | 英语 |
| 摘要 | The purpose of this paper is to estimate a model incorporating noncompetitive behaviour in product and factor markets, In addition, capital accumulation is subject to adjustment costs so that firms are not constrained to be in long-run equilibrium. The model is applied to two major Canadian manufacturing industries: pulp and paper and mill products. The results show for both industries in each of the three product markets and the wood input market that there is competitive behaviour. In addition, the industries are not in long-run equilibrium as marginal adjustment costs cause marginal profit to exceed the rental rate on capital. With the industries exhibiting short-run competitive behaviour in product and factor markets, new estimates are derived for scale economies and rates of technological change. Unlike the results from other studies, both industries exhibit small scale economies and positive rates of technological change. |
| 主题 | Industrial Organization ; Industry Studies ; Econometrics ; Estimation Methods |
| URL | https://www.nber.org/papers/w3982 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/561322 |
| 推荐引用方式 GB/T 7714 | Jeffrey I. Bernstein. Price Margins and Capital Adjustment: Canadian Mill Products and Pulp and Paper Industries. 1992. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w3982.pdf（531KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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