Cooper, Russell W. (contributor); … - 2003 - [Elektronische Ressource]
simulated
method of moments to match plant-level observations. Our findings indicate that non-
convex adjustment costs are … broadly
consistent with observation. Further, we find that a model with quadratic adjustment
costs alone can also broadly … match the aggregate facts.
JEL classification: E24, J23, J6
Keywords: Adjustment Costs, Employment, Aggregate …