This article analyzes direct and indirect effects of foreign ownership on productivity in the Turkish manufacturing plants between 1990 and 1996. First, based on Olley-Pakes production function estimates, foreign affiliates are shown to be more productive than local plants. Using sectoral output shares of foreign affiliates and 1990 input-output matrix to identify linkages across plants, regres...

This paper computes a quality adjusted price index for the personal computer CPU from 1996 to 2000. The index is based on the pure characteristics demand model. I …rst compute the quality adjusted price index for the whole market, and show that it is very comparable with the hedonic price index but more sensitive to changes in product quality. Two types of the hedonic index are considered. One ...

In this paper we introduce a new method to approximate Markov perfect equilibrium in large scale Ericson and Pakes (1995)-style dynamic oligopoly models that are not amenable to exact solution due to the curse of dimensionality. The method is based on an algorithm that iterates an approximate best response operator using an approximate dynamic programming approach based on linear programming. W...

Starting from a probability σ on the half-line with moments of any order A.G. Pakes has defined probabilities σr by length biasing of order r and gr by the stationary-excess operation of order r, r = 1, 2, . . . . Examples are given to show that σ can be determined in the Stieltjes sense while σ1 and g1 are indeterminate in the Stieltjes sense. This shows that a statement in a recent paper by P...