Capacity utilization under increasing returns to scale

Article Abstract:

An analysis of the 'elasticity effects' and 'returns-to-scale effects' of capacity management reveals that these mechanisms provide a powerful propagation mechanism of the business cycle. Evidence for empirical findings suggests the estimated elasticity of capital to be near zero and that of labor to be equal to or near one. Moreover, the study points out that the results provide a better view of US aggregate growth dynamics at the business cycle frequency.

Business cycles, Industrial capacity

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Stability of functional rational expectations equilibria

Article Abstract:

Many pricing forecasting models use rational expectations equilibrium (REE) as a natural starting point, research shows that the learning rule does not meet the REE in theory and simulations.

Rational expectations (Economics)

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Price and quantity regulation in general equilibrium

Article Abstract:

General equilibrium methods, which are used to examine the impact of tax regulations on firm's production, are presented.

United States, Forecasts, trends, outlooks, Methods, Forecasts and trends, Market trend/market analysis, Taxation, Equilibrium (Economics)

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