Blar i NHH Brage på forfatter "Letterie, Wilko"
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Interrelated factor demand with nonconvex adjustment costs
Letterie, Wilko; Nilsen, Øivind Anti; Pfann, Gerard A. (Discussion paper, Working paper, 2008-04)In this paper we develop a model to describe a firm’s demand for two production factors which is subject to the presence of nonconvex adjustment costs. In our model simultaneous adjustment of these two production factors ... -
Price Changes - Stickiness and Internal Coordination in Multiproduct Firms.
Letterie, Wilko; Nilsen, Øivind A. (DP SAM;21, Working paper, 2016-12)We assess empirically the micro-foundations of producers’ sticky pricing behaviour. We account for various functional forms of menu costs. The focus is on the analysis of multiproduct plants, and the menu costs therefore ... -
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 ...