Empirical studies of the aggregate labor market matching function have favored a Cobb-Douglas functional form, for which there are no microfoundations in the existing literature. I present a new model ...

This paper discusses recent work on the existence of aggregate production functions in models in which capital goods are specific to firms and cannot be used interchangeably. It is found that this ...

A calculation that is made on several records or cells of data. SUM, AVG, MAX, MIN and COUNT are examples of aggregate functions that are used in spreadsheets and database programs. THIS DEFINITION IS ...