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Learning-by-doing and input demand of a rate-of-return regulated firm

✍ Scribed by John Baffoe-Bonnie

Book ID: 116423578
Publisher: Elsevier Science
Year: 2004
Tongue: English
Weight: 193 KB
Volume: 21
Category: Article
ISSN: 0264-9993
DOI: 10.1016/j.econmod.2004.03.001

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## Abstract We construct and estimate by maximum likelihood a job search model where wages are set by Nash bargaining and idiosyncratic productivity follows a geometric Brownian motion. The proposed framework enables us to endogenize job destruction and to estimate the rate of learning‐by‐doing. Al