Increasing Returns To Scale From Variable Capacity Utilization PDF Download
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| Author | : Susheng Wang |
| Publisher | : |
| Total Pages | : 26 |
| Release | : 2009 |
| Genre | : |
| ISBN | : |
Download Increasing Returns to Scale from Variable Capacity Utilization Book in PDF, ePub and Kindle
This paper proposes a unique model of capacity utilization in which the firm varies capacity utilization by a variable number of shifts when facing demand fluctuations. In the long run, the firm optimally chooses a capacity level based on expected demand conditions. In the short run, when facing excess demand, the firm can increase variable inputs and the number of shifts to intensify the use of existing capacity. By endogenizing cost, demand and variability of capacity utilization, we show that variable capacity utilization can lead to increasing returns to scale (IRS). Hence, we predict IRS when an economy expands in a business cycle.
| Author | : Thomas A. Lubik |
| Publisher | : |
| Total Pages | : 25 |
| Release | : 2017 |
| Genre | : |
| ISBN | : |
Download How Large are Returns to Scale in the U.S.? A View Across the Boundary Book in PDF, ePub and Kindle
I study the degree of returns to scale in aggregate U.S. data by estimating the standard RBC model with and without variable capacity utilization using Bayesian methods. The source of increasing returns is the presence of an externality in production. I find that, at best, returns are mildly increasing at a level statistically indistinguishable from the constant-returns case. A high enough degree of increasing returns is needed to support equilibrium indeterminacy and sunspot-driven business cycle fluctuations. In my estimation results, I find that I can conclusively rule out this possibility on account of a low estimated degree of increasing returns and a fairly inelastic labor supply.
| Author | : Yi Wen |
| Publisher | : |
| Total Pages | : 52 |
| Release | : 1996 |
| Genre | : |
| ISBN | : |
Download Capacity Utilization Under Increasing Returns to Scale Book in PDF, ePub and Kindle
| Author | : Ben S. Bernanke |
| Publisher | : MIT Press |
| Total Pages | : 364 |
| Release | : 1996 |
| Genre | : Business & Economics |
| ISBN | : 9780262522052 |
Download NBER Macroeconomics Annual 1995 Book in PDF, ePub and Kindle
Contents : Wage Inequality and Regional Unemployment Persistence: U.S. vs. Europe, Guiseppe BErtola and Andreas Ichino. Capital Utilization and Returns to Scale, Craig Burnside, Martin Eichenbaum, and Sergio Rebelo. Banks and Derivatives, Gary Gorton and Richard Rosen. Exchange-Rate-Based Stabilizations: Theory and Evidence, Sergio Rebelo and Carlos Vegh. Inflation Indicators and Inflation Policy, Stephen Cecchetti. Recent Central Bank Reforms and the Role of Price Stability as the Sole Objective of Monetary Policy, Carl Walsh. Is Central Bank Independence (and Low Inflation) the Result of Effective Financial Opposition to Inflation?, Adam Posen. The Unending Quest for Monetary Salvation, Stanley Fischer.
| Author | : Mark Weder |
| Publisher | : |
| Total Pages | : |
| Release | : 2005 |
| Genre | : Business cycles |
| ISBN | : |
Download Indeterminacy Revisited Book in PDF, ePub and Kindle
This paper presents a one-sector optimal growth model with variable capacity services and production externalities. It uses a new formulation of the endogenous capital utilization rate in which utilization costs appear in the form of variable maintenance expenses. I find that indeterminacy arises at approximate constant returns to scale. This result challenges the viewpoint that indeterminacy is empirically implausible.
| Author | : Food and Agriculture Organization of the United Nations |
| Publisher | : Food & Agriculture Org. |
| Total Pages | : 144 |
| Release | : 2003-11-30 |
| Genre | : Business & Economics |
| ISBN | : 9789251050156 |
Download Measuring and Assessing Capacity in Fisheries Book in PDF, ePub and Kindle
This paper contains guidance on the measurement and assessment of fishing capacity, in light of the International Plan of Action for the Management of Fishing Capacity. Topics discussed include: definitions of capacity and related concepts; measurement of capacity and capacity utilisation; methodologies such as rapid appraisal techniques, stochastic production frontiers and data envelopment analysis; target capacity; interpretation and use of excess capacity measures.
| Author | : Sumru Altug |
| Publisher | : |
| Total Pages | : 58 |
| Release | : 1999 |
| Genre | : Economics |
| ISBN | : |
Download Estimates of the Returns to Scale for US Manufacturing Book in PDF, ePub and Kindle
| Author | : Sumru Altug |
| Publisher | : World Scientific |
| Total Pages | : 161 |
| Release | : 2010 |
| Genre | : Business & Economics |
| ISBN | : 9812832769 |
Download Business Cycles Book in PDF, ePub and Kindle
Provides an overview of the modern theory and empirics of business cycles. This book examines the notion of a business cycle and discusses alternative approaches to modeling. It also discusses what lies ahead for modern business cycle theory.
| Author | : Michalis Nikiforos |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2013 |
| Genre | : |
| ISBN | : |
Download The (Normal) Rate of Capacity Utilization at the Firm Level Book in PDF, ePub and Kindle
This paper examines the endogeneity (or lack thereof) of the rate of capacity utilization in the long run at the firm level. The cost minimizing firm has an incentive to increase the utilization of its capital if the rate of the returns to scale decreases as its production increases. The theory of production provides justification for this kind of behavior of economies of scale. In that way the desired rate of utilization becomes endogenous to variations in demand.
| Author | : European Association of Fisheries Economists. Conference |
| Publisher | : Editions Quae |
| Total Pages | : 313 |
| Release | : 2004 |
| Genre | : Fisheries |
| ISBN | : 2844331262 |
Download EAFE 2003 Proceedings Book in PDF, ePub and Kindle
Le Centre Ifremer de Brest a hébergé la 15e conférence annuelle de l'Association européenne des économistes des pêches. La conférence a rassemblé plus de 80 participants. Les communications ont traité de thèmes très divers touchant aux aspects économiques des usages et de la gestion des ressources et de l'environnement marin, des industries et des marchés. Les débats sur la réforme de la politique commune de la pêche 2002, abordée en plénière, ont montré l'importance de la gestion des pêches pour la recherche économique. Plusieurs communications et une table ronde se sont centrées sur la filière, la consommation et les marchés des produits de la mer : ces thèmes mobilisent de plus en plus l'attention des économistes européens.
