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Registros recuperados: 10 | |
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Golan, Amos; Judge, George G.; Perloff, Jeffrey M.. |
Using a maximum entropy technique, we estimate the market shares of each firm in an industry using the available government summary statistics such as the four-firm concentration ratio (C4) and the Herfindahl-Hirschmann Index (HHI). We show that our technique is very effective in estimating the distribution of market shares in 20 industries. Our results provide support for the recent practice of using HHI rather than C4 as the key explanatory variable in many market power studies, if only one measure is to be used. |
Tipo: Working or Discussion Paper |
Palavras-chave: Industrial Organization; Marketing. |
Ano: 1995 |
URL: http://purl.umn.edu/25081 |
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Golan, Amos; Perloff, Jeffrey M.; Wu, Ximing. |
The minimum wage, unlike most government transfer programs, lowered welfare in the 1980s and 1990s as measured by all commonly used welfare or inequality measures, including various Atkinson indexes, the Gini index, standard deviation of logarithms, and others. The effects of most government programs, macroeconomic variables, and aggregate demographic characteristics were qualitatively the same for all the inequality measures. |
Tipo: Working or Discussion Paper |
Palavras-chave: Labor and Human Capital. |
Ano: 2001 |
URL: http://purl.umn.edu/25123 |
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Wu, Ximing; Perloff, Jeffrey M.; Golan, Amos. |
A variety of parametric and semiparametric models produce qualitatively similar estimates of government policies' effects on income distribution and welfare (as measured by the Gini, standard deviation of logarithms, relative mean deviation, coefficient of variation, and various Atkinson indexes). Taxes and the Earned Income Tax Credit are an effective way to redistribute income to the poor and raise welfare. The minimum wage lowers welfare. Social insurance programs have little effect except for Supplemental Security Income, which raises welfare. Transfer programs (AFDC/TANF and food stamps) either have no statistically significant effect or lower welfare. |
Tipo: Working or Discussion Paper |
Palavras-chave: Consumer/Household Economics; Labor and Human Capital. |
Ano: 2002 |
URL: http://purl.umn.edu/25031 |
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Registros recuperados: 10 | |
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