The paper studies with the help of a model the employment decisions of a firm through a business cycle which maximizes its discounted income and assumes that the forecasts are perfectly corred.The firm produces a output function of number of workers employed by the firm at time t. The firm's labor force increases over time as a result of layoffs and quits. The firm can recalls workers at time t only if it has an inventory of previonsly laid off workers. The firm's output is supposed superior or equal to demand (function of price and time) at any time. The solution to the maximization problem will then yield an optimal output and employment plan which the firm proceeds to implement until its expectations about demand at time t.

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Date created

• 1986

Type

• Document

Processing Activity

• Processing documentation available at: https://wiki.albany.edu/display/SCA/Processing+Ingested+Digital+Files

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• Creative Commons BY-NC-ND Attribution-NonCommercial-NoDerivs 4.0 International

  
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ITEM CONTEXT

Part of

23d738ba88f8333bc39725f9cb5bd0b8

Scope and Contents

Part of

a6ba3d432669bb4e7e5d1d631a535030

Scope and Contents

Part of

8be0def879466bb233ec7ae0e7a56898

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Collection

System Dynamic Society Records

Scope and Contents

Collecting area

• This collection is part of the University Archives