Browsing Discussion papers (SAM) by Author "Asphjell, Magne Krogstad"
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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 ...