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Article Dans Une Revue Annals of Economics and Statistics Année : 2017

Fixed Cost, Variable Cost, Markups and Returns to Scale

Résumé

This paper derives the structure of a production function which is necessary and sufficient for generating a fixed cost. We extend the classical production function in order to allow each input to have a fixed and a variable part. We characterize and estimate both the fixed and variable components of the cost function and study how fixed and variable costs interact and affect firms' behavior in terms of price setting and returns to scale.

Dates et versions

hal-02166757 , version 1 (27-06-2019)

Identifiants

Citer

Xi Chen, Bertrand Koebel. Fixed Cost, Variable Cost, Markups and Returns to Scale. Annals of Economics and Statistics, 2017, 127, pp.61-94. ⟨10.15609/annaeconstat2009.127.0061⟩. ⟨hal-02166757⟩
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