Adaptive Economizing, Technological Change, and the Demand for Labor in Disequilibrium

An adaptive economizing framework is proposed for analyzing labor market aspects of long-term industrial development using a dynamic, disaggregate economic model based upon principles of bounded rationality and markets in disequilibrium. The approach is applied to a firm's investment-production planning problem to illustrate how labor demand is related to capital investment and technological change.

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Year of publication:	1985
Authors:	Day, Richard H. ; Hanson, Kenneth A.
Publisher:	Stockholm : The Research Institute of Industrial Economics (IUI)
Subject:	Arbeitsmarkt \| Technischer Fortschritt \| Theorie der Unternehmung \| Theorie \| Adaptive framework \| labour market \| industrial development \| disequilibrium \| investment-production planning

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Series:	IUI Working Paper ; 144
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	hdl:10419/95055 [Handle] RePEc:hhs:iuiwop:0144 [RePEc]
Classification:	J20 - Time Allocation; Work Behavior; Employment Determination and Creation. General ; O30 - Technological Change; Research and Development. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10010335025