Cost Structure and the Measurement of Economic Performance : Productivity, Utilization, Cost Economics, and Related Performance Indicators

Online-Ressource (XIV, 363 p)

online resource

to the Conceptual Framework1 What do “Economic Performance” and “Productivity” Mean? -- 2 Productivity Growth Components -- 3 Technical Change -- 4 The Cost Structure -- 5 Market and Regulatory Structure -- 6 Basics of Productivity Measurement -- Traditional Productivity Growth Measurement -- 1 Single-Factor Productivity Measures -- 2 Multifactor Productivity Measures -- 3 Growth Accounting -- 4 Technical Change and Productivity -- 5 Primal and Dual Measures -- 6 Technical Change Determinants -- 7 Technical Change Biases -- 8 Further Remarks -- The Short Run, Capital, and Capacity Utilization57 -- 1 Short Run Fixities and CU -- 2 A Primal Economic CU Representation -- 3 A Dual CU Measure -- 4 Fixity, Adjustment Costs, and Dynamics -- 5 Capital Composition and Services -- 6 Further Remarks -- Short and Long Run Scale and Other Cost Economies -- 1 Components of the Cost-Output Relationship -- 2 Cost Economies vs. Technical Change -- 3 Scale Biases -- 4 Cost Economies More Generally -- 5 Further Remarks -- Internal and External Cost Economies, and Growth -- 1 A Model with External Effects -- 2 Returns to Public Capital -- 3 “Knowledge Capital” and Spillovers -- 4 Utilization and Scale Interactions -- 5 Microfoundations and Macro Models -- 6 Further Comments -- Market Structure and Economic Performance -- 1 Market Power Modeling -- 2 Market Power and Economic Performance Measures -- 3 Input Market Power: Monopsony -- 4 Market Power Measures and Welfare -- 5 Further Comments -- Regulatory Structure and Costs -- 1 Capital Regulations and Costs -- 2 Restrictions on Input Use: Pesticides -- 3 Lack of Markets: “Bad” Outputs -- 4 Regulation and Market Power -- 5 Further Comments -- Technical Efficiency -- 1 Frontier Modeling -- 2 Empirical Specification -- 3 Dual Models -- 4 Productivity and Efficiency -- 5 Further Comments -- Underlying Theory and Implementation Issues -- 1 The Basic Production Theory Model -- 2 Production and Cost Structure -- 3 Profit Maximization -- 4 Dynamic Adjustment -- 5 Distance and Revenue Functions -- 6 Measures Representing Firm Behavior -- 7 Further Comments -- Data Construction for Estimation and Measurement -- 1 Non-Capital Output and Input Data -- 1.1 output production -- 2 Capital Data Construction -- 3 Aggregation Issues -- 4 Further Comments -- Issues of Econometric Implementation -- 1 Empirical Specification -- 2 Functions for Empirical Analysis -- 3 Functional Forms -- 4 Some Econometric Issues -- 5 Further Comments -- Pulling It Together.

10.1007/978-1-4615-5093-8 [DOI]

ECONIS - Online Catalogue of the ZBW