Firm Heterogeneity, Capacity Utilization, and the Business Cycle

Review of Economic Dynamics

Volumn 2, Issue 2, 1999, Pages 433-455

  Fagnart, Jean Françcois ^a   Licandro, Omar ^c   Portier, Franck ^b  

^a UMR 8184   (France)

^b TOULOUSE SCHOOL OF ECONOMICS   (France)

^c NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0043046050     PISSN: 10942025     EISSN: None     Source Type: Journal    
DOI: 10.1006/redy.1998.0057     Document Type: Article

References (21)

1. Bils M., Cho J-O. Cyclical factor utilization. Journal of Monetary Economics. 33:1994;319-354.
2. Bresnahan T., Ramey V. Segment shifts and capacity utilization in the U.S. automobile industry. American Economic Review. 83:1993;213-218.
3. Burda M. Is Mismatch Really the Problem? Some Estimates of the Chelwood Gate II model with U.S. Data. Europe's Unemployment Problem. 1990;MIT Press, Cambridge. p. 451-79.
4. Burnside C., Eichenbaum M. Factor hoarding and the propagation of business cycle shocks. American Economic Review. 86:1996;1157-1174.
5. Burnside C., Eichenbaum M., Rebelo S. Labor hoarding and the business cycle. Journal of Political Economy. 101:1993;104-121.
6. Clower R. A reconsideration of the microfoundations of money. Western Economic Journal. 6:1967;1-9.
7. Cogley, J. Nason, T. 1993, Do Real Business Cycles Models Pass the Nelson-Plosser Test?, University of British Columbia.
8. Cooley T., Hansen G., Prescott E. Equilibrium business cycle with idle resources and variable capacity utilization. Economic Theory. 6:1995;35-49.
9. Fagnart J. F., Licandro O., Sneessens H. Capacity Utilization Dynamics and Market Power. Journal of Economic Dynamics and Control. 22:1997;123-140.
10. Greenwood J., Hercowitz Z., Huffman G. Investment, capacity utilisation, and the real business cycle. American Economic Review. 78:1998;402-417.
11. Hall R. The relation between price and marginal cost in U.S. industry. Journal of Political Economy. 96:1988;921-948.
12. Hall R. Invariance Properties of Solow's Productivity Residual. Diamond P. Growth, Productivity and Unemployment, Essays to Celebrate Bob Solow's Birthday. 1990;MIT Press, Cambridge.
13. Hansen G. Indivisible labor and the business cycles. Journal of Monetary Economics. 16:1985;309-327.
14. Hornstein A., Prescott E. The firm and the plant in general equilibrium theory. Becker R., Boldrin M., Jones R., Thomson W. General Equilibrium, Growth and Trade II. 1993;Academic, San Diego.
15. King, R. Plosser, C. Rebelo, S. 1987, Production Growth and Business Cycles: Technical Appendix, University of Rochester.
16. Kydland F., Prescott E. The workweek of capital and its cyclical implications. Journal of Monetary Economics. 21:1988;343-360.
17. Licandro, O. Puch, L. 1995, Capacity Utilization, Maintenance Costs and the Business Cycle, Universidad Carlos III de Madrid, Annales d'Economie et de Statistique.
18. Morrison, C. 1990, Market Power, Economic Profitability and Productivity Growth Measurement: an Integrated Structural Approach, National Bureau of Economic Research.
19. Rogerson R. Indivisible labor, lotteries and equilibrium. Journal of Monetary Economics. 21:1988;3-16.
20. Rotemberg J., Woodford M. Dynamic general equilibrium models with imperfectly competitive product markets. Cooley T. Frontiers of Business Cycle Research. 1995;Princeton University Press, Princeton.
21. Sneessens H. Investment and the inflation-unemployment tradeoff in a macroeconomic rationing model with monopolistic competition. European Economic Review. 31:1987;781-815.