Technology Commitment and the Cost of Economic Fluctuations
收藏NBER1991-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3755
下载链接
链接失效反馈官方服务：
资源简介：
When firms must make technology commitments, economic fluctuations impose costs in the form of ex post inefficiency in production technology. We present a general equilibrium model in which, due to the presence of technology commitment, greater volatility of productivity shocks leads to lower mean
提供机构：
美国国家经济研究局
创建时间：
1991-06-01
