The cost of strikes in the Spanish mining sector: modelling an undesirable input with a distance function |
| |
| Authors: | Ana Rodríguez-Álvarez Ignacio del Rosal José Baños-Pino |
| |
| Affiliation: | (1) Departamento de Economía, University of Oviedo, Avenida del Cristo, s/n, 33006 Oviedo, Spain;(2) Departamento de Economía Aplicada, University of Oviedo, Oviedo, Spain |
| |
| Abstract: | In some contexts, firms have to deal with certain elements or factors that affect the production outcome but which are non-market in nature and therefore do not have a price. In this paper we propose a new use of a production economics tool, the input distance function, to empirically measure the effects of these factors. Although we suggest a general use of this methodology, it has been developed in the context of measuring the effects of labor disputes in a particular declining industry, that of Spanish coal mining. We have estimated an equation system comprising an input distance function and cost share equations to calculate the cost generated by strikes. |
| |
| Keywords: | Duality theory Input distance function Shadow prices Rent seeking Coal sector |
| 本文献已被 SpringerLink 等数据库收录！ |
|
