A theory of factor allocation and plant size
AbstractThis article develops a theory of how capital, skilled labor, and unskilled labor interact at the plant level. The theory has implications for the relationship between factor allocation and plant size and the effects of trade and growth on the skill premium. The theory is consistent with certain facts about factor allocation and factor price changes in the 19th and 20th centuries. Copyright (c) 2008, RAND.
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Bibliographic InfoArticle provided by RAND Corporation in its journal The RAND Journal of Economics.
Volume (Year): 39 (2008)
Issue (Month): 2 ()
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Other versions of this item:
- Thomas J. Holmes & Matthew F. Mitchell, 2003. "A theory of factor allocation and plant size," Staff Report 325, Federal Reserve Bank of Minneapolis.
- Thomas J. Holmes & Matthew F. Mitchell, 2003. "A Theory of Factor Allocation and Plant Size," NBER Working Papers 10079, National Bureau of Economic Research, Inc.
- F10 - International Economics - - Trade - - - General
- L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
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