Anecdotal evidence from U.S. manufacturers and literature from strategy and operations research suggest that industry competition may be driving firm contract manufacturing decisions. However, there is little empirical research regarding specific drivers of contract manufacturing, particularly...

This article employs a short-term specification of the symmetric generalised McFadden (SGM) cost function capable of accommodating quasi-fixed factors and variable returns. Temporary equilibrium and scale economies are investigated while maintaining the consistency of the estimated model with...

The lack of individual information on output prices is a major problem of the econometrics of production, which in particular could account for a significant part of the large discrepancies found in panel data studies between the cross-sectional and time series estimates of capital and scale...

This paper analyses an open economy Ramsey model with an endogenous labour supply without capital. The technology defines an optimal firm size. Changes to the number of firms is subject to adjustment costs, so that the entry dynamics is determined endogenously. We find that there is a short run...