The Short-Fun Employment, Hours, and Capital Utilization of the Competitive Firm with Price Uncertainty  

Oleh:

Kawai, Eizo

Jenis: Article from Bulletin/Magazine
Dalam koleksi: JAPAN AND THE WORLD ECONOMY vol. 3 no. 3 (1991), page 261-270.
Topik: capital; short - fun employment; hours; capital utilization; competitive firm; price

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ47.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

In this paper we relax the conventional assumptions used in the model of a firm under uncertainty. Namely, we introduce the quasi - fixity of the number of employees and the variability of the capital utilization rate into the model of a competitive firm with price uncertainty. Based on this, we examine employment, working hours, and capital utilization rate corresponding to the firm's attitude toward risk. The assumption about the firm's decision making reflects well the firm's adjustment behaviour in the Japanese labor market in which working hours are very flexible in output adjustment. Hence our analysis could be applied to the research of the Japanese labor market.

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