Capacity Dynamics and Endogenous Asymmetries in Firm

Capacity dynamics and endogenous asymmetries in firm size

Capacity Dynamics and Endogenous Asymmetries in Firm Size∗

Empirical evidence suggests that there are substantial and persistent differences in the sizes of firms in most industries. We propose a dynamic model of capacity accumulation that explains the observed facts. In our model, firms accumulate capacity over time and compete repeatedly in the product market. We assume that capacity is lumpy and that investment and depreciation are subject to idiosy...

Effects of asymmetric stiffness on parametric instabilities of rotor

This work deals with effects of asymmetric stiffness on the dynamic behaviour of the rotor system. The analysis is presented through an extended Lagrangian Hamiltonian mechanics on the asymmetric rotor system, where symmetries are broken in terms of the rotor stiffness. The complete dynamics of asymmetries of rotor system is investigated with a case study. In this work, a mathematical model is ...

International Credit Flows , Pecuniary Externalities , and Capital Controls ∗

This paper develops a dynamic two-country neoclassical stochastic growth model with incomplete markets. Short-term credit flows can be excessive and reverse suddenly. The equilibrium outcome is constrained inefficient. First, an undercapitalized country borrows too much since each individual firm does not internalize that an increase in production capacity undermines their output price and ther...

Determinant Factors of Absorptive Capacity and Innovation in Iranian Industry’s firms (Focus on Firm Size, Labor Productivity and Value of Production)

The successful economies are ones that have effective system to transform knowledge and technology in economic capacity. They have complex system that is an important sector of their economy. The current approach moving to knowledge based society is attention to R&D activities and high technologies. In this path, industrial companies can have a vital role in creating, developing and applying of...