The optimal use of management.
We analyze the management input from the perspective of shadow cost minimization. Using Bloom and Van Reenen's management measure, we estimate management's shadow price, dual Morishima elasticities of substitution, and relative price efficiencies. We find that the shadow price of management is about...
| Publicado en: | Economic Inquiry Vol. 59; no. 3; pp. 1346 - 1364 |
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| Autores principales: | , , |
| Formato: | Artículo |
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Wiley-Blackwell
Jul2021
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=150539878&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 150539878 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00952583 EIQ jtl: Economic Inquiry issn: 00952583 maglogo: Y pubinfo: dt: Jul2021 vid: 59 iid: 3 pid: 480 pub: Wiley-Blackwell artinfo: ui: 150539878 10.1111/ecin.12979 ppf: 1346 ppct: 18 formats: fmt: – @attributes: type: T – @attributes: type: C – @attributes: type: P size: 998KB tig: atl: The optimal use of management. aug: au: Sickles, Robin C. Sun, Kai Triebs, Thomas P. affil: Economics Department, Rice University, Houston Texas,, USA School of Economics, Shanghai University, Shanghai, China School of Business and Economics, Loughborough University, Loughborough, UK su: U.S. dollar Elasticity sug: subj: U.S. dollar Elasticity keyword: elasticity of substitution management price efficiency shadow price elasticity of substitution management price efficiency shadow price ab: We analyze the management input from the perspective of shadow cost minimization. Using Bloom and Van Reenen's management measure, we estimate management's shadow price, dual Morishima elasticities of substitution, and relative price efficiencies. We find that the shadow price of management is about 1.3 million US dollars. Management is a weak dual complement for labor but a strong dual complement for capital. Increases in management reduce the relative income share of labor but not capital. Most firms use too little management, but relative use of management improves over time, with the combination of ownership and control, and competition. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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