Fixed Cost, Imperfect Competition and Bias in Technology Measurement: Japan and The United States
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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In many industries, competition is far from perfect and managerial efficiency (or a fixed cost) varies among firms. However, traditional measurement of technological progress assumes perfect competition and no fixed cost. This paper incorporates these two factors in the technological-progress measurement and investigates the biases caused by their...
