Search Results - subject:"Factor Substitution"

Nielsen, Frederik Læssøe - 2021 - This version: November 28, 2021

Persistent link: https://www.econbiz.de/10013041265

Upstairs, Downstairs : Computer-Skill Complementarity and Computer-Labor Substitution on Two Floors of a Large Bank

Autor, David H.; Levy, Frank; Murnane, Richard J. - 2021

We describe how a single technological innovation, the introduction of image processing of checks, led to distinctly different changes in the structure of jobs in two departments of a large bank overseen by one group of managers. In the downstairs deposit processing department, image processing...

Persistent link: https://www.econbiz.de/10013218404

Start-Up Costs and Pecuniary Externalities as Barriers to Economic Development

Ciccone, Antonio; Matsuyama, Kiminori - 2021

subject to dynamic increasing returns, and pecuniary externalities that result from the factor substitution in the final goods …

Persistent link: https://www.econbiz.de/10013224946

Diversity and Trade

Grossman, Gene M.; Maggi, Giovanni - 2021

We develop a competitive model of trade between countries with similar aggregate factor endowments. The trade pattern reflects differences in the distribution of talent across the labor forces of the two countries. The country with a relatively homogenous population exports the good produced by...

Persistent link: https://www.econbiz.de/10013225130

Green Tax Reform and Competitiveness

Koskela, Erkki; Schöb, Ronnie; Sinn, Hans-Werner - 2021

This paper develops a model of a small open economy that produces an export good with domestic labour and imported energy and is stuck in an unemployment situation resulting from an excessive fixed net-of-tax wage rate. We study a revenue-neutral green tax reform that substitutes energy for wage...

Persistent link: https://www.econbiz.de/10013225566

Equilibrium Bias of Technology

Acemoglu, Daron - 2021

The study of the bias of new technologies is important both as part of the analysis of the nature of technology adoption and the direction of technological change, and to understand the distributional implications of new technologies. In this paper, I analyze the equilibrium bias of technology....

Persistent link: https://www.econbiz.de/10013228055

Factor Substitution and Unobserved Factor Quality in Nursing Homes

Cawley, John H.; Grabowski, David C.; Hirth, Richard A. - 2021

This paper studies factor substitution in one important sector: the nursing home industry. Specifically, we measure the … perspective, factor substitution in this market is important because materials-intensive methods of care are associated with … endogeneity of nursing home wages. The results from the IV models are consistent with the theory of factor substitution: higher …

Persistent link: https://www.econbiz.de/10013248574

Vertical Mergers with Input Substitution : Double Marginalization, Foreclosure and Welfare

Moresi, Serge; Schwartz, Marius - 2021

We consider differentiated duopolists facing symmetric linear demands and using Cobb-Douglas technologies with two inputs: a monopolized input and a competitively supplied input. Unlike with fixed-proportions technologies, a merger between the input monopolist and either firm can reduce welfare....

Persistent link: https://www.econbiz.de/10013249335

A Nonparametric Examination of Capital-Skill Complementarity

Henderson, Daniel J. - 2021

This paper uses nonparametric kernel methods to construct observation-specific elasticities of substitution for a balanced panel of 73 developed and developing countries to examine the capital-skill complementarity hypothesis. The exercise shows some support for capital-skill complementarity,...

Persistent link: https://www.econbiz.de/10013324750

Meta-Analysis of Empirical Evidence on the Labour Market Impacts of Immigration

Longhi, Simonetta; Nijkamp, Peter; Poot, Jacques - 2021

The increasing proportion of immigrants in the population of many countries has raised concerns about the 'absorption capacity' of the labour market, and fuelled extensive empirical research in countries that attract migrants. In previous papers we synthesized the conclusions of this empirical...

Persistent link: https://www.econbiz.de/10013325282