• Estimating interrelated nonconvex adjustment costs 

      Asphjell, Magne Krogstad (Master thesis, 2009)
      Adjustment costs associated with firms’ acquirement or disposal of factors of production can make the individual firm unresponsive to changes in their environment. This is the reason why costs of adjustments is assumed ...
    • Sequentiality versus simultaneity : interrelated factor demand 

      Asphjell, Magne Krogstad; Letterie, Wilko; Nilsen, Øivind Anti; Pfann, Gerard A. (Discussion paper, Working paper, 2010-12)
      A structural model is developed and estimated by a maximum likelihood routine to investigate interrelated factor demand subject to nonconvex adjustment costs. The dataset concerns Norwegian plants operating in manufacturing ...