A Theory of Factor Allocation and Plant Size

Thomas Holmes () and Matthew Mitchell

No 10079, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: In this paper we develop a theory of how factors interact at the plant level. The theory has implications for: (1) the micro foundations for capital skill complementarity (2) the relationship between factor allocation and plant size and (3) 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.

JEL-codes: F10 L20 (search for similar items in EconPapers)
Date: 2003-11
Note: PR
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Citations: View citations in EconPapers (4)

Published as Thomas J. Holmes & Matthew F. Mitchell, 2008. "A theory of factor allocation and plant size," RAND Journal of Economics, RAND Corporation, vol. 39(2), pages 329-351.

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Journal Article: A theory of factor allocation and plant size (2008)
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