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Browsing Centers, Institutes, Programs by Author "Raurich, Xavier"
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Factor Shares, the Price Markup, and the Elasticity of Substitution Between Capital and Labor
Raurich, Xavier; Sala, Hector; Sorolla, Valeri (2010-07-23)The labor income share is constant under the assumptions of a Cobb-Douglas production function and perfect competition. This paper relaxes these assumptions and investigates to what extent the actual non-constant behavior ...