Econometrica ( IF 6.1 ) Pub Date : 2021-07-26 , DOI: 10.3982/ecta18054 Jan Eeckhout 1 , Philipp Kircher 2, 3 , Cristina Lafuente 2 , Gabriele Macci 2
The correct condition is
In Section 4, pages 104–106, of Eeckhout and Kircher (2018), an additional capital investment is introduced. Firms can now produce according to , which is concave in where k is a generic capital good. In a small open economy, the price i per unit of capital is exogeneous. Using , one can use the condition in the previous paragraph to obtain a sorting condition.
An inequality on page 104 and in Appendix B of Eeckhout and Kircher (2018) represents this sorting condition directly in terms of , or more precisely, in terms of the total output that can be produced by r such firms that employ in total l such workers and k units of capital. This had a sign mistake, and the inequality has the opposite (and therefore incorrect) sign. The correct condition for positive assortative matching in this case is (1).
The remainder of this note proves this result, and revisits the numerical illustration. Using an appropriate functional form for this illustration that gives rise to positive assortative matching with the correct sorting condition reveals the same qualitative features that were discussed in the original paper.
中文翻译:
“大企业配套”资金投入勘误
正确的条件是
在Eeckhout 和 Kircher ( 2018 ) 的第 4 节第 104-106 页中,引入了额外的资本投资。企业现在可以根据 进行生产,其中k是一般资本品。在小型开放经济体中,每单位资本的价格i是外生的。使用,可以使用上一段中的条件来获得排序条件。
104页上和附录B不等式Eeckhout和基歇尔(2018)直接表示该分类条件的情况来讲,或更精确地说,在总输出方面,可以通过下述方法制造ř这些公司雇用总共升这样工人和k 个单位的资本。这有一个符号错误,并且不等式具有相反(因此不正确)的符号。在这种情况下,正分类匹配的正确条件是 (1)。
本笔记的其余部分证明了这一结果,并重新审视了数值说明。为这个说明使用适当的函数形式,产生与正确排序条件的正分类匹配,揭示了与原始论文中讨论的相同的定性特征。