Prices, Profits, Proxies, and Production

Victor Aguiar, Nail Kashaev and Roy Allen

Papers from arXiv.org

Abstract: This paper studies nonparametric identification and counterfactual bounds for heterogeneous firms that can be ranked in terms of productivity. Our approach works when quantities and prices are latent, rendering standard approaches inapplicable. Instead, we require observation of profits or other optimizing-values such as costs or revenues, and either prices or price proxies of flexibly chosen variables. We extend classical duality results for price-taking firms to a setup with discrete heterogeneity, endogeneity, and limited variation in possibly latent prices. Finally, we show that convergence results for nonparametric estimators may be directly converted to convergence results for production sets.

Date: 2018-10, Revised 2022-06
New Economics Papers: this item is included in nep-eff
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Citations: View citations in EconPapers (1)

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http://arxiv.org/pdf/1810.04697 Latest version (application/pdf)

Related works:
Journal Article: Prices, profits, proxies, and production (2023)
Working Paper: Prices, Profits, Proxies, and Production (2022)
Working Paper: Prices, Profits, Proxies, and Production (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:1810.04697

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