In this paper we analyse variations in capital operating hours. This is an important factor in understanding productivity but has attracted little attention (compared, for instance, to working hours for labour), presumably because of deficient data and the inherent difficulty of measurement....

The Need for Environmental and Natural Resource Policy -- Classical Causes of Environmental Degradation -- Public Economics and Information -- Adapting Models to Ecosystems: Ecology, Time, and Space -- The Evolution of Rights -- Review of Policy Instruments -- Direct Regulation of the...

The magnitude of the elasticity of output with regard to working hours is an important factor in the debate on working time. Despite some attempts at its estimation, little is known about this elasticity and empirical studies have yielded contradictory results. The main objective of this study...