ヨコタ コウジ
YOKOTA Koji
横田 宏治 所属 経済学部 経済学科 データサイエンス学環 職種 教授 |
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言語種別 | 英語 |
発行・発表の年月 | 2018/12 |
形態種別 | 大学・研究所等紀要 |
標題 | Optimal employment in frictional business cycles and intertemporal discontinuity of demand duals and production |
執筆形態 | 単著 |
掲載誌名 | 明星大学経済学研究科・経済学部ディスカッションペーパーシリーズ |
掲載区分 | 国内 |
巻・号・頁 | (42) |
著者・共著者 | Koji Yokota |
概要 | The present paper studies the optimal behavior of the firm facing labor friction characterized by convex hiring cost and sufficiently differentiated output good. The problem turns out to be a singular control problem. General paths are studied including socially inef- ficient ones caused by the rise of demand constraint. It becomes possible to analyze the behavior of optimal firing in recession with this setup. It turns out that transition from/to firing phase requires special treatment. |