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- W3168541649 abstract "De Loecker & Warzynski (2012) obtain the markup from the i¬ rm's cost minimization problem by substituting in estimates of the output elasticity of a variable input and the disturbance that separates actual from planned output. We show, however, that consistently estimating the output elasticity and the disturbance using the procedure developed in Olley & Pakes (1996) and Levinsohn & Petrin (2003) generally requires observing and controlling for the markup. We analyze the resulting biases and discuss alternative approaches to estimation." @default.
- W3168541649 created "2021-06-22" @default.
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- W3168541649 date "2021-04-01" @default.
- W3168541649 modified "2023-09-27" @default.
- W3168541649 title "Reexamining the De Loecker & Warzynski (2012) method for estimating markups" @default.
- W3168541649 hasPublicationYear "2021" @default.
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