9781330692189 - Short Run Labor Productivity in a Dynamic Model (Classic Reprint) de Berndt, E. R. (3 resultados)

PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condición: New. Print on Demand. This book delves into a classic concept in economics called "short-run increasing returns to labor," which describes how businesses often experience greater productivity with fewer workers in the short term. The author introduces a new dynamic model that integrates the theory of cost minimization with internal adjustment costs. By examining the relationship between output and employment, this book challenges traditional neoclassical theory and offers a groundbreaking framework to understand the complexities of labor demand. The analysis reveals that increasing returns to labor can occur even without labor hoarding and provides empirical evidence from U.S. manufacturing data. This book significantly contributes to the understanding of short-run labor dynamics and its implications for economic policy. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.