Topic
Factor price
About: Factor price is a research topic. Over the lifetime, 2764 publications have been published within this topic receiving 86176 citations.
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31 Oct 1980
TL;DR: In this article, the authors studied the sources of growth from the supply side in Turkish manufacturing over the period 1963-1976 and found that there was no pronounced tendency for import-substitution industries to have higher total factor productivity growth than traditional industries.
Abstract: This paper studies the sources of growth from the supply side in Turkish manufacturing over the period 1963-1976 Primary factors and intermediate inputs are explicitly included in both the theoretical framework and the empirical analysis The empirical analysis is based on data on output and factor inputs, at the two-digit industry level including eighteen manufacturing industries The major findings are that: there is: (1) a secular declining trend in productivity growth over the period due perhaps to the continuing reliance on an import-substitution development strategy; (2) periods of especially low productivity growth are roughly those in which there were especially restrictive foreign exchange controls; (3) the public sector had a higher rate of total factor productivity than the private sector although it was absolutely less efficient; and (4) there was no pronounced tendency for import-substitution industries to have higher total factor productivity growth than more traditional industries
26 citations
TL;DR: This paper explores the inventory replenishment policy for the kind of items in which the demand is sensitive to stock and selling price and gives a sufficient condition for optimal decision rules and develops the closed form of the optimal prices.
26 citations
26 citations
TL;DR: In this paper, the authors study a model where two spatially scattered sellers face a population of consumers dispersed over a given geographical area; they have to incur a transaction cost to place their purchase order, and consumers have imperfect knowledge of prices, but obtain full information about prices at the first shop they solicit.
26 citations
Posted Content•
TL;DR: In this paper, the authors proposed a regulatory approach that uses price caps defined on two-part tariffs, which can be used for short-term capacity utilization and incentives for investments in new transmission capacity.
Abstract: Optimal price regulation for natural and legal monopolies is an impossible task. The still difficult .task of good price regulation can be systematized by considering separately price level and price structure of the regulated firm. Various methods of price level and price structure regulation are evaluated and then considered for the regulation of electricity transmission, both in the context of an independent transmission company and of vertical integration between transmission and most of the generation capacity. The regulatory approach suggested uses price caps defined on two-part tariffs. This way, flexibility for short-term capacity utilization can be combined with incentives for investments in new transmission capacity.
26 citations