A look at the U.S. Census Bureau and the Federal Reserve Board indexes of capacity utilization, with an explanation of the indexes' construction, advantages, and shortcomings; conclusion of June 15 issue.

An examination of the usefulness of two measures of capacity utilization in predicting price pressures and future investment: one measure attempts to represent the maximum physical output a plant can produce, and one is based on changes in production costs as output increases; article concludes...

A study of how excess capacity in the steel industry has persisted because of high exit barriers that have delayed the industry's contraction; includes a discussion of the effects of current trade protection and pension policies on the size of exit barriers.