Adaptive Economizing, Technological Change, and the Demand for Labor in Disequilibrium

An adaptive economizing framework is proposed for analyzing labor market aspects of long-term industrial development using a dynamic, disaggregate economic model based upon principles of bounded rationality and markets in disequilibrium. The approach is applied to a firm's investment-production planning problem to illustrate how labor demand is related to capital investment and technological change.

MoreLess

Year of publication:	1985-07
Authors:	Day, Richard H. ; Hanson, Kenneth A.
Institutions:	Institutet för Näringslivsforskning (IFN)
Subject:	Adaptive framework \| labour market \| industrial development \| disequilibrium \| investment-production planning

More details

Extent:	application/pdf
Series:	Working Paper Series.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Working Paper Series Number 144 36 pages
Classification:	J20 - Time Allocation; Work Behavior; Employment Determination and Creation. General ; O30 - Technological Change; Research and Development. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010684452