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dc.contributor.authorAsphjell, Magne Krogstad
dc.contributor.authorLetterie, Wilko
dc.contributor.authorNilsen, Øivind Anti
dc.contributor.authorPfann, Gerard A.
dc.date.accessioned2011-02-17T13:35:29Z
dc.date.available2011-02-17T13:35:29Z
dc.date.issued2010-12
dc.identifier.issn0804-6824
dc.identifier.urihttp://hdl.handle.net/11250/163244
dc.description.abstractA 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 industries and it covers the period 1993-2005. The estimates indicate that it is advantageous to adjust the stock of labour and capital simultaneously. The cost advantage of simultaneous changes is small for capital but is large for labour. The empirical results suggest that when estimating separate factor demand models the bias of parameter estimates is most severe in case of labour demand.en
dc.language.isoengen
dc.publisherNorwegian School of Economics and Business Administration. Department of Economicsen
dc.relation.ispartofseriesDiscussion paperen
dc.relation.ispartofseries2010:29en
dc.subjectfactor demanden
dc.subjectlabouren
dc.subjectcapitalen
dc.subjectinterrelationen
dc.subjectnonconvex adjustment costsen
dc.titleSequentiality versus simultaneity : interrelated factor demanden
dc.typeWorking paperen
dc.subject.nsiVDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212en


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