The Inconsistency of Common Scale Estimators When Output Prices Are Unobserved and Engogenous
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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
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美国国家经济研究局创建时间：
1992-03-01
