Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/95055
Authors: 
Day, Richard H.
Hanson, Kenneth A.
Year of Publication: 
1985
Series/Report no.: 
IUI Working Paper 144
Abstract: 
An adaptive economizing framework is proposed for analyzing labor market aspects of long-term industrial development using a dynamic, disaggregate economic model based upon principles of bounded rationality and markets in disequilibrium. The approach is applied to a firm's investment-production planning problem to illustrate how labor demand is related to capital investment and technological change.
Subjects: 
Adaptive framework
labour market
industrial development
disequilibrium
investment-production planning
JEL: 
J20
O30
Document Type: 
Working Paper

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