Download Aggregation, Efficiency, and Measurement (Studies in by Rolf Färe, Shawna Grosskopf, Daniel Primont PDF

By Rolf Färe, Shawna Grosskopf, Daniel Primont

Economists have lengthy studied the potency of corporations, industries, and whole economies. This quantity brings jointly top students to make connections among potency and a few diversified components of present curiosity to economists, together with an exam of the potency of tax platforms throughout generations that overlap, and the potency of establishment mergers that highlights the tradeoff among the synergy of the merger and the matter of managerial oversight within the now better enterprise. An empirical examine productiveness progress of states makes use of a tripartite decomposition of work productiveness into technological innovation, development in potency, and the capital deepening led to by means of new company funding, laying off gentle on very important debates on their relative value. The potency of patent legislation is tested in a contemporary version of financial development. those contributions are complemented via analyses of methodological difficulties fascinated by the dimension, estimation and aggregation of potency indices.

Show description

Read or Download Aggregation, Efficiency, and Measurement (Studies in Productivity and Efficiency) PDF

Best microeconomics books

Money, Macroeconomics and Keynes

This quantity, besides its spouse quantity technique, Microeconomics and Keynes, is released in honour of Victoria Chick, encouraged through her personal contributions to wisdom in all of those components and their interconnections. It represents either consolidation and the breaking of latest flooring in Keynesian financial thought and macroeconomics by means of prime figures in those fields.

Economics of the Firm: Analysis, Evolution and History

This ebook brings jointly a number of the world's prime specialists to give an interdisciplinary, severe standpoint on present concerns surrounding the economics of the corporations. It eschews commonplace ways to the economics of the enterprise (including research of transaction expenditures) in favour of a extra interdisciplinary outlook, with evolutionary economics taken into consideration.

Mechanism Design: A Linear Programming Approach

Mechanism layout is an analytical framework for considering sincerely and thoroughly approximately what precisely a given establishment can in attaining whilst the knowledge essential to make judgements is dispersed and privately held. This research offers an account of the underlying arithmetic of mechanism layout according to linear programming.

Profit Theory and Capitalism

The pursuit of revenue by means of company motivates the capitalist economic climate. realizing earnings, for that reason, particularly the resource of earnings, is key to an realizing of capitalism. Mark Obrinsky claims that there hasn't ever been an sufficient revenue conception in mainstream economics. to discover the resource of gains, he argues, one must glance past possession of the effective elements of land, exertions, and capital.

Extra info for Aggregation, Efficiency, and Measurement (Studies in Productivity and Efficiency)

Example text

N. See Lau (1977) and Blackorby, Primont, and Russell (1978, pp. 290-296) for a further discussion. The two functional forms that they found are the quadratic N+M T (z) = L N+M N+M aizi + L i=l j=l L where n = N +M,z = (x ,y) and T(z) = T(x ,y) we will call the transcendental-exponential T (x , y) = (14) bjkZjZk, k=l = D(x ,y; IN , 1M ) , and what AIn {L~l Lf=l aij exp (AXi) exp (AXj) + L~l L~l bke exp (-AYk) exp (-AYe) (15) + L~l L~l Cik exp (AXi) exp (-AYk) } . The quadratic (14) is linear in the parameters and can be readily estimated.

Also of interest to us is the structure of the tax system in the set of Pareto-optima. That is, for example, are there regions of the Pareto-frontier that entail commodity taxes and taxes on savings and other regions that entail either no taxes or no taxes on savings? Consider first the case where 1/1 and 1/2 are equal to zero, that is, neither government capital constraint is strictly binding. This implies that the right side of (89)-(91) are equal to zero and that /-Llrl = /-L2 8l and /-L2 r2 = /-L382· (92) Rewriting (89) now yields E;~rr3] E2 = O.

Our results are of interest not only in their own right, but also in the context of optimal taxes . It is sometimes claimed that expenditure taxes are preferable to income taxes because the latter entail some version of double taxation. 22 At the very least, it is sometimes maintained that taxes on savings are not optimal. Our results give no support to this claim. At the very least, it is hoped that our results demonstrate that extending the analysis of overlapping generations models to include many consumption goods is both feasible and rewarding.

Download PDF sample

Rated 4.80 of 5 – based on 40 votes