Oligopsonistic Input Substitution in a Thin Market

2020 ◽  
Author(s):  
Melissa G.S. McKendree ◽  
Tina L. Saitone ◽  
K. Aleks Schaefer
Keyword(s):  
Input Substitution ◽  
Thin Market

scholarly journals The Role of Trading Frictions in Real Asset Markets

2011 ◽  
Vol 101 (4) ◽  
pp. 1106-1143 ◽  
Author(s):  
Alessandro Gavazza
Keyword(s):  
Empirical Analysis ◽  
Capacity Utilization ◽  
Asset Markets ◽  
Asset Market ◽  
Commercial Aircraft ◽  
Average Productivity ◽  
Thin Market ◽  
Asset Allocations ◽  
The Empirical Analysis

This paper investigates how trading frictions vary with the thickness of the asset market by examining patterns of asset allocations and prices in commercial aircraft markets. The empirical analysis indicates that assets with a thinner market are less liquid—i.e., more difficult to sell. Thus, firms hold on longer to them amid profitability shocks. Hence, when markets for assets are thin, firms' average productivity and capacity utilization are lower, and the dispersions of productivity and of capacity utilization are higher. In turn, prices of assets with a thin market are lower and have a higher dispersion. (JEL A12, L11, L93)

Input Substitution and the Distribution of Surplus Gains from Lower U.S. Beef‐Processing Costs

1988 ◽  
Vol 70 (2) ◽  
pp. 245-254 ◽  
Author(s):  
John D. Mullen ◽  
Michael K. Wohlgenant ◽  
Donald E. Farris
Keyword(s):  
Input Substitution ◽  
Beef Processing

A Stable Transaction Based Price Index for Real Estate Thin Market

2021 ◽  
Vol 27 (4) ◽  
pp. 21-40
Author(s):  
Young-Sun Song ◽  
Hye-Young Shin ◽  
Chang-Moo Lee
Keyword(s):  
Real Estate ◽  
Price Index ◽  
Thin Market

scholarly journals Economic elasticities of input substitution using data envelopment analysis

PLoS ONE ◽  
2019 ◽  
Vol 14 (8) ◽  
pp. e0220478
Author(s):  
Noah J. Miller ◽  
Jason S. Bergtold ◽  
Allen M. Featherstone
Keyword(s):  
Data Envelopment Analysis ◽  
Data Envelopment ◽  
Input Substitution ◽  
Using Data
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