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Aggregation, Efficiency, and Measurement (Hardcover, 2007 ed.)
Loot Price: R2,884
Discovery Miles 28 840
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Aggregation, Efficiency, and Measurement (Hardcover, 2007 ed.)
Series: Studies in Productivity and Efficiency
Expected to ship within 10 - 15 working days
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Total price: R2,904
Discovery Miles: 29 040
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Economists have long studied the efficiency of firms, industries,
and entire economies. This volume brings together leading scholars
to make connections between efficiency and a number of diverse
areas of current interest to economists, including an examination
of the efficiency of tax systems across generations that overlap,
and the efficiency of firm mergers that highlights the tradeoff
between the synergy of the merger and the problem of managerial
oversight in the now larger firm. An empirical look at productivity
growth of states uses a tripartite decomposition of labor
productivity into technological innovation, improvement in
efficiency, and the capital deepening brought about by new business
investment, shedding light on important debates on their relative
importance. The efficiency of patent laws is examined in a modern
model of economic growth. These contributions are complemented by
analyses of methodological problems involved in the measurement,
estimation and aggregation of efficiency indices.
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