THE (NORMAL) RATE OF CAPACITY UTILIZATION AT THE FIRM LEVEL

被引：60

作者：

Nikiforos, Michalis ^{[1
]}

机构：

[1] Bard Coll, Levy Econ Inst, Annandale On Hudson, NY 12504 USA

来源：

METROECONOMICA | 2013年 / 64卷 / 03期

关键词：

CAPITAL UTILIZATION; AVERAGE WORKWEEK; EQUILIBRIUM; ECONOMIES; RETURNS; SCALE; REAL;

D O I：

10.1111/meca.12016

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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.

引用

页码：513 / 538

页数：26

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