Productivity measurement with non-static expectations and varying capacity utilization (Q1085030): Difference between revisions
From MaRDI portal
Added link to MaRDI item. |
ReferenceBot (talk | contribs) Changed an Item |
||
(2 intermediate revisions by 2 users not shown) | |||
Property / MaRDI profile type | |||
Property / MaRDI profile type: MaRDI publication profile / rank | |||
Normal rank | |||
Property / full work available at URL | |||
Property / full work available at URL: https://doi.org/10.1016/0304-4076(86)90027-8 / rank | |||
Normal rank | |||
Property / OpenAlex ID | |||
Property / OpenAlex ID: W3127795986 / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Productivity change, capacity utilization, and the sources of efficiency growth / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: A characterization of the normalized restricted profit function / rank | |||
Normal rank |
Latest revision as of 17:46, 17 June 2024
scientific article
Language | Label | Description | Also known as |
---|---|---|---|
English | Productivity measurement with non-static expectations and varying capacity utilization |
scientific article |
Statements
Productivity measurement with non-static expectations and varying capacity utilization (English)
0 references
1986
0 references
This article focuses attention on the implications for multifactor productivity measurement of increasing marginal adjustment costs for quasi-fixed inputs. A dynamic optimization model of an imperfectly competitive firm producing at a point of long-run non-constant returns to scale with increasing marginal adjustment costs on quasi-fixed inputs and non-static expectations provides a framework to capture variations in utilization, anticipating behavior and costs of adjustment as well as the effects of non-constant returns to scale on productivity growth. The resulting framework is applied to study the productivity growth in the U.S. manufacturing sector, 1947-1979.
0 references
subequilibrium
0 references
capacity utilization
0 references
multifactor productivity measurement
0 references
dynamic optimization
0 references
productivity growth
0 references