Hiroyuki Kasahara, Yoichi Sugita
arXiv 30 Oct 2020 · Econometrics · 1 citations (OpenAlex)
arXiv:2011.00143 · PDF · DOI · OpenAlex · Extracted main text
Commonly used methods of production function and markup estimation assume that a firm's output quantity can be observed as data, but typical datasets contain only revenue, not output quantity. We examine the nonparametric identification of production function and markup from revenue data when a firm faces a general nonparametri demand function under imperfect competition. Under standard assumptions, we provide the constructive nonparametric identification of various firm-level objects: gross production function, total factor productivity, price markups over marginal costs, output prices, output quantities, a demand system, and a representative consumer's utility function.
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The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.
| Reference | Intensity | Mentions | Sections | Main text | |
|---|---|---|---|---|---|
| 1 | De Loecker, J (2011) Product Differentiation, Multiproduct Firms, and Estimating the Impact of Trade Liberalization on Productivity | 1.000 | 10 | 3 | 100% |
| 2 | Klette, T. J. and Griliches, Z (1996) The Inconsistency of Common Scale Estimators When Output Prices Are Unobserved and Endogenous | 1.000 | 9 | 3 | 100% |
| 3 | Marschak, J. and Andrews, W (1944) Random Simultaneous Equations and the Theory of Production | 1.000 | 6 | 4 | 100% |
| 4 | De Loecker, J. and Warzynski, F (2012) Markups and Firm-Level Export Status | 0.950 | 7 | 4 | 86% |
| 5 | Chiappori, P.-A., Komunjer, I., and Kristensen, D (2015) Nonparametric Identification and Estimation of Transformation Models | 0.935 | 11 | 3 | 82% |
| 6 | Hall, R. E (1988) The Relation between Price and Marginal Cost in US Industry | 0.928 | 5 | 4 | 80% |
| 7 | Ackerberg, D. A., Caves, K., and Frazer, G (2015) Identification Properties of Recent Production Function Estimators | 0.874 | 11 | 2 | 100% |
| 8 | Gandhi, A., Navarro, S., and Rivers, D. A (2020) On the Identification of Gross Output Production Functions | 0.874 | 5 | 2 | 100% |
| 9 | Matsuyama, K. and Ushchev, P (2017) Beyond CES: Three Alternative Cases of Flexible Homothetic Demand Systems, Buffett Institute Global Poverty Research Lab Working… | 0.763 | 9 | 3 | 44% |
| 10 | Bond, S., Hashemi, A., Kaplan, G., and Zoch, P (2020) Some Unpleasant Markup Arithmetic: Production Function Elasticities and Their Estimation from Production Data, NBER Working Pape… | 0.737 | 3 | 2 | 100% |
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