RATE OF RETURN REGULATION AND THE REGULATED FIRM'S CHOICE OF CAPITAL-LABOR RATIO: FURTHER EMPIRICAL EVIDENCE ON THE AVERCH-JOHNSON MODEL.

The purpose of this paper is to present an alternative test of the Averch-Johnson model employing the implicit demand function for the firm's choice of capital and labor production.[1] This procedure permits one to analyze several comparative static properties of the A-J model. In addition to a test...

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Bibliographic Details

Published in:	Southern Economic Journal Vol. 42; no. 3; pp. 384 - 399
Main Authors:	Hayashi, Paul M., Trapani, John M.
Format:	Article
Published:	Wiley-Blackwell Jan76
Subjects:	Labor productivity Rate of return Demand function
Online Access:	View this record in EBSCOhost