Identifying productivity when it is a factor of production
提出一种方法,在生产率由企业内生选择决定时,部分识别其分布,并用该方法研究电力行业市场化定价对生产率的影响。
Abstract Economists typically model a plant's productivity as an exogenous characteristic, but the people who run and work at manufacturing plants make choices, at a cost, that affect plant productivity. I develop a method to partially identify the productivity distribution when such choices determine productivity. The method uses a monotone comparative static result I prove in a general economic model. It does not require instruments or timing assumptions. I use the method to study the effect of implementing market‐based pricing on productivity in the electricity generation industry.