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The Production Approach to Markup Estimation Often Measures Input Distortions
The production approach recovers markups using the output elasticity for a variable and undistorted input. We show using the revenue …
Arshia Hashemi, Ivan Kirov, James Traina
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Some Unpleasant Markup Arithmetic: Production Function Elasticities and their Estimation from Production Data
The ratio estimator of the markup is the ratio of the output elasticity for a flexible input to that input’s cost share in total …
Steve Bond, Arshia Hashemi, Greg Kaplan, Piotr Zoch
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