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Materials, Capital, Direct/Indirect Substitution and Mass Balance Production Functions

van den Bergh, Jeroen C.J.M. - 1998

dimensions in economic production. A distinction is proposed between direct and indirect substitution. Linked to this, a … classification is offered of various types of substitutability and complementarity relationships between production factors. It is … argued that the neoclassical production function may be consistent with mass balance, but is unsuitable for a detailed and …

Persistent link: https://www.econbiz.de/10010324469

Inventory investment and production in Europe: Is there a pattern?

Abrahamsen, Yngve; Hartwig, Jochen - 2011

The paper investigates the nexus between inventory investment and the change in aggregate production for 29 European … uniform pattern emerges. Inventory investment is positively correlated with changes in production and follows the latter with …

Persistent link: https://www.econbiz.de/10010277788

General equilibrium with multi-member households and production

Gersbach, Hans; Haller, Hans - 2011

We consider firms and multi-member households operating in a competitive market environment. Households are endowed with resources (commodity bundles) and shares of firm ownership. Household members are characterized by individual preferences, possibly with intra-household consumption...

Persistent link: https://www.econbiz.de/10010279376

Can random coefficient Cobb-Douglas production functions be aggregated to similar macro functions?

Biørn, Erik; Skjerpen, Terje; Wangen, Knut R. - 2004

Parametric aggregation of heterogeneous micro production technologies is discussed. A four-factor Cobb-Douglas function …

Persistent link: https://www.econbiz.de/10010284475

Hospital costs and unexpected demand: The case of Greece

Boutsioli, Zoe - In: The Open Economics Journal 4 (2011), pp. 49-58

. This paper examines the production responses to unexpected hospital demand on a sample of Greek public hospitals over the … emergency admissions using an Autoregressive Moving Average model. The results support the hypothesis that production reactions …

Persistent link: https://www.econbiz.de/10010290083

Nicht zu früh bremsen!: Der Einfluss der Geldpolitik auf die langfristige Wirtschaftsentwicklung in Deutschland und den USA

Schettkat, Ronald; Sun, Rongrong - 2009

Nahezu alle Institutionen -Kündigungsschutz, Gewerkschaften, Lohnspreizung, Arbeitslosenversicherung etc.- wurde verdächtigt und schuldig gesprochen die tragische Entwicklung der Arbeitslosigkeit in Europa verursacht zu haben. US-amerikanische Arbeitsmarktinstitutionen wurden zum Benchmark...

Persistent link: https://www.econbiz.de/10010291094

Monetary policy and European unemployment

Schettkat, Ronald; Sun, Rongrong - 2008

In the long history of rising and persistent unemployment in Europe almost all institutions - employment protection legislation, unions, wages, wage structure, unemployment insurance, etc. - have been alleged and found guilty to have caused this tragic development at some point in time. Later,...

Persistent link: https://www.econbiz.de/10010291100

Tax Policy and the Dynamic Demand for Domestic and Foreign Capital by Multinational Corporations

Altshuler, Rosanne; Cummins, Jason - 1998

model in which domestic and foreign investment interact in two important ways. First, the MNC's production technology allows … from Canadian MNCs that invest solely in the United States. Our estimtes support the view that production and adjustment …

Persistent link: https://www.econbiz.de/10010334279

Recovering Risky Technologies Using The Almost Ideal Demand System: An Application To U.S. Banking

Hughes, Joseph P.; Mester, Loretta J.; Lang, William; … - 2000

We argue for a shift in the focus of modeling production from the traditional assumptions of profit maximization and … the analysis of production and recover value-maximizing technologies. We show how this shift can be implemented using the … between the risk-incentives literature in banking that ignores the microeconomics of production and the production literature …

Persistent link: https://www.econbiz.de/10010334306

A Putty-Clay Model of Demand Uncertainty and Investment

Albrecht, James W.; Hart, Albert G. - 1979

This paper uses a simple model to explore the effects of 'increasing demand risk' on business fixed investment. We show that within a putty-clay framework an increase in demand uncertainty can be expected to have two countervailing effects. On the one hand increasing risk tends to induce a firm...

Persistent link: https://www.econbiz.de/10010334681