| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w4026 |
| 来源ID | Working Paper 4026 |
| The Inconsistency of Common Scale Estimators When Output Prices Are Unobserved and Engogenous | |
| Tor Jakob Klette; Zvi Griliches | |
| 发表日期 | 1992-03-01 |
| 出版年 | 1992 |
| 语种 | 英语 |
| 摘要 | This paper explores the inconsistency of common scale estimators when output is proxied by deflated sales, based on a common output deflator across firms. The problems arise when firms operate in an imperfectly competitive environment and prices differ between firms. In particular, we show that the scale estimates will tend to be downward biased in the production function case, under a wide range of assumptions about the pattern of technology, demand and factor price shocks. The result also holds for scale estimates obtained from cost functions. The empirical part of the paper presents various estimates of scale economies for a sample of Norwegian manufacturing plants. The findings provide some support for the hypothesis that the firms face an imperfectly competitive environment. The estimates suggests that there are significant markups and scale economies to the variable factors of production in our sample. However, the estimates of markups and scale economies presented in this paper are substantially lower than the results obtained by Hall (1988, 1990) and others using industry level data. |
| 主题 | Econometrics ; Estimation Methods ; Microeconomics ; Households and Firms |
| URL | https://www.nber.org/papers/w4026 |
| 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/561368 |
| 推荐引用方式 GB/T 7714 | Tor Jakob Klette,Zvi Griliches. The Inconsistency of Common Scale Estimators When Output Prices Are Unobserved and Engogenous. 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 | ||
| w4026.pdf（402KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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