| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1429 |
| DP1429 The Role of Market Size in the Formation of Jurisdictions | |
| Alessandra Casella | |
| 发表日期 | 1996-06-30 |
| 出版年 | 1996 |
| 语种 | 英语 |
| 摘要 | This study discusses the nature of adjustment costs, which underpin the dynamic theory of input demand. We examine the implications of the conventional assumption that they are quadratic-symmetric. A recent rapidly-growing literature based on microeconomic data shows that this assumption is inferior to many alternatives. We demonstrate the importance of this new knowledge for predicting macroeconomic fluctuations in employment and investment. We indicate its relevance for constructing general equilibrium simulation models, drawing inferences about the likely impacts of labour market and investment policies, and analysing firms? dynamic behaviour in factor markets. |
| 关键词 | Behaviour Dynamic Firm Individual |
| URL | https://cepr.org/publications/dp1429 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530570 |
| 推荐引用方式 GB/T 7714 | Alessandra Casella. DP1429 The Role of Market Size in the Formation of Jurisdictions. 1996. |
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