Despite wide acceptance of the view that identical bids suggest the presence of a cartel agreement, there has been little analysis of the role that such bids would play. When this matter is examined, we find that except in certain extreme circumstances, identical bid arrangements are unlikely to...

In this paper we discuss recent advances in modeling and estimating dynamic factor demand models, and review the use of such models in analyzing the production structure, the determinants of variable and quasi-fixed factors, and productivity growth. The paper also discusses the traditional...