Cost Structure and the Measurement of Economic Performance Productiv
Cost Structure and the Measurement of Economic Performance is designed to provide a comprehensive guide for students, researchers or consultants who wish to model, construct, interpret, and use economic performance measures. The topical emphasis is on pro
- PDF / 43,536,352 Bytes
- 366 Pages / 439.37 x 666.142 pts Page_size
- 71 Downloads / 179 Views
COST STRUCTURE AND THE MEASUREMENT OF ECONOMIC PERFORMANCE Productivity, Utilization, Cost Economics, and Related Performance Indicators
by
Catherine J. Morrison Paul University of California at Davis
Springer Science+Business Media, L L C
Library of Congress Cataloging-in-Publication Data A C L P . Catalogue record for this book is available from the Library of Congress. ISBN 978-1-4613-7317-9 ISBN 978-1-4615-5093-8 (eBook) DOI 10.1007/978-1-4615-5093-8
Copyright © 1999 Springer Science+Business Media New York Originally published by Kluwer Academic Publishers in 1999 Softcover reprint of the hardcover 1st edition 1999 A l l rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher, Springer Science+Business Media, LLC.
Printed on acid-free paper.
To David
Contents
Preface
XI
INTRODUCTION TO THE CONCEPTUAL FRAMEWORK
1. 2. 3. 4. 5. 6.
What do "Economic Performance" and "Productivity" Mean? Productivity Growth Components Technical Change The Cost Structure Market and Regulatory Structure Basics of Productivity Measurement
TRADITIONAL PRODUCTIVITY GROWTH MEASUREMENT
1. 2. 3. 4. 5. 6. 7. 8.
Single-Factor Productivity Measures Multifactor Productivity Measures Growth Accounting Technical Change and Productivity Primal and Dual Measures Technical Change Determinants Technical Change Biases Further Remarks
THE SHORT RUN, CAPITAL, AND CAPACITY UTILIZATION
1. 2. 3. 4. 5. 6.
Short Run Fixities and CU A Primal Economic CU Representation A Dual CU Measure Fixity, Adjustment Costs, and Dynamics Capital Composition and Services Further Remarks
2 5 8 12 17 21 25 26 31 36 41 43 46 51 55 57
58 63 69 76 79 86
RUN SCALE AND OTHER COST ECONOMIES 1. Components of the Cost-Output Relationship 2. Cost Economies vs. Technical Change 3. Scale Biases 4. Cost Economies More Generally 4.1 multiple outputs 4.2 multiple fixed inputs and "imperfect" input markets 4.3 overall cost economies 5. Further Remarks
SHORT AND LONG
INTERNAL AND EXTERNAL COST ECONOMIES, AND GROWTH
1. 2. 3. 4. 5. 6.
A Model with External Effects Returns to Public Capital "Knowledge Capital" and Spillovers Utilization and Scale Interactions Microfoundations and Macro Models Further Comments
MARKET STRUCTURE AND ECONOMIC PERFORMANCE
1. Market Power Modeling 2. Market Power and Economic Performance Measures 3. Input Market Power: Monopsony 3.1 a parametric model 3.2 a non parametric model 4. Market Power Measures and Welfare 5. Further Comments REGULATORY STRUCTURE AND COSTS
1. Capital Regulations and Costs 2. Restrictions on Input Use: Pesticides 2.1 the literature 2.2 an alternative perspective 3. Lack of Markets: "Bad" Outputs 4. Regulation and Market Power 5. Further Comments TECHNICAL EFFICIENCY
1. 2. 3. 4. 5.
Frontier Modeling Empirical Specification Dual Models Productivity and Efficiency Further Comments
89 90
94 102 106
114
117 119 123 128 134
1
