Total and Marginal Returns
Table of Contents
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Total and Marginal Returns
What is Strategic Bombing?
What is Strategic Bombing?
What is Strategic Bombing?
Data and Findings
Data and Findings
Strategic Bombing Production Function
Strategic bombing production function
Inputs to strategic bombing
The Econometric Problem
Output of Strategic Bombing
Tonnage, Distribution, Targets
(Untitled)
Tonnage, Distribution, Targets
Tonnage, Distribution, Targets
The Effect on German Morale
The Effect on German Arms Production
Why had Germany not Mobilized?
Germany’s War economy
Germany’s War economy
Why, then, did Germany Collapse?
The Consequences of the Collapse
The Consequences of the Collapse
What Happened?
Land transportation (total effect)
Land transportation (marginal effect)
Econometrics – Again
Conclusions
Conclusions
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Last update: 5/24/01