Abstract
This paper solves the dynamic optimization problem of a firm which faces shocks and can hire two types of labor: one with linear adjustment costs and the other without adjustment costs.
Original language | English (US) |
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Pages (from-to) | 219-222 |
Number of pages | 4 |
Journal | Economics Letters |
Volume | 36 |
Issue number | 2 |
DOIs | |
State | Published - Jun 1991 |
ASJC Scopus subject areas
- Finance
- Economics and Econometrics