Overtime, effort, and the propagation of business cycle shocks

Article Abstract:

A real business cycle model which differentiates between straight time and overtime is formulated and estimated, as it is compared to a labor hoarding model. The overtime model has the state of technology as its only latent variable, while the labor model has effort as its second latent variable. In general, both models are observed as unable to properly adjust their labor allocations along the margins of effort, time and overtime.

Models, Work, Work (Labor), Business cycles, Overtime

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Exchange rates and casualties during the first world war

Article Abstract:

A study of the Swiss exchange rates during the First World War is presented and the effects of the monetary policies of Britain, France, Italy, Germany and Austria-Hungary thereon are analyzed.

Europe, Switzerland, Foreign exchange rates, Monetary policy, World War I, 1914-1918

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Non-convex costs and capital utilization: A study of production scheduling at automobile assembly plants

Article Abstract:

Data from 11 automobile assembly plants was examined for non-convex costs and capital utilization.

Research, Capital, Assembly-line methods, Assembly lines

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