Some Unpleasant Markup Arithmetic: Production Function Elasticities and their Estimation from Production Data
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https://www.nber.org/papers/w27002
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The ratio estimator of a firm's markup is the ratio of the output elasticity of a variable input to that input's cost share in revenue. This note raises issues that concern identification and estimation of markups using the ratio estimator. Concerning identification: (i) if the revenue elasticity is
提供机构：
美国国家经济研究局
创建时间：
2020-04-01
