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- Title
An Indirect Approach to Measuring Productivity in Private Services.
- Authors
Mellander, Erik
- Abstract
Productivity measurement is considered in the context of incomplete output information. Only a value measure of output is assumed to be available, which is typical for many service industries. Input markets are assumed to be competitive, while the output market is allowed to be noncompetitive, and potential markups are assumed to be either known or constant. It is shown that if production technologies are homothetic and the elasticities of total costs with respect to output are strictly increasing, the given data are equivalent to complete information, provided the markup is known. If it is not, the results hold conditional on the unknown markup.
- Subjects
INDUSTRIAL productivity; SERVICE industries; PRIVATE sector; PRICE markup; INDUSTRIAL efficiency; PRODUCTION (Economic theory)
- Publication
Scandinavian Journal of Economics, 1992, Vol 94, pS229
- ISSN
0347-0520
- Publication type
Article
- DOI
10.2307/3440262