Convergence Towards the Normal Rate of Capacity Utilization in Neo-Kaleckian Models: The Role of Non-Capacity Creating Autonomous Expenditures

2015 ◽  
Vol 67 (1) ◽  
pp. 172-201 ◽  
Author(s):  
Marc Lavoie
Keyword(s):  
Capacity Utilization ◽  
Normal Rate

scholarly journals The Role of Trading Frictions in Real Asset Markets

2011 ◽  
Vol 101 (4) ◽  
pp. 1106-1143 ◽  
Author(s):  
Alessandro Gavazza
Keyword(s):  
Empirical Analysis ◽  
Capacity Utilization ◽  
Asset Markets ◽  
Asset Market ◽  
Commercial Aircraft ◽  
Average Productivity ◽  
Thin Market ◽  
Asset Allocations ◽  
The Empirical Analysis

This paper investigates how trading frictions vary with the thickness of the asset market by examining patterns of asset allocations and prices in commercial aircraft markets. The empirical analysis indicates that assets with a thinner market are less liquid—i.e., more difficult to sell. Thus, firms hold on longer to them amid profitability shocks. Hence, when markets for assets are thin, firms' average productivity and capacity utilization are lower, and the dispersions of productivity and of capacity utilization are higher. In turn, prices of assets with a thin market are lower and have a higher dispersion. (JEL A12, L11, L93)

scholarly journals The (Normal) Rate of Capacity Utilization at the Firm Level

2012 ◽  
Author(s):  
Michalis Nikiforos
Keyword(s):  
Capacity Utilization ◽  
Normal Rate ◽  
Firm Level

The role of secondary mesenchyme cells during sea urchin gastrulation studied by laser ablation

Development ◽  
1988 ◽  
Vol 103 (2) ◽  
pp. 317-324 ◽  
Author(s):  
J. Hardin
Keyword(s):  
Laser Ablation ◽  
Sea Urchin ◽  
Normal Rate ◽  
Common Mechanism ◽  
Gastrula Stage ◽  
Mechanical Tension ◽  
Lytechinus Pictus ◽  
Final Length ◽  
Mesenchyme Cells

It has long been thought that traction exerted by filopodia of secondary mesenchyme cells (SMCs) is a sufficient mechanism to account for elongation of the archenteron during sea urchin gastrulation. The filopodial traction hypothesis has been directly tested here by laser ablation of SMCs in gastrulae of the sea urchin, Lytechinus pictus. When SMCs are ablated at the onset of secondary invagination, the archenteron doubles in length at the normal rate of elongation, but advance of the tip of the archenteron stops at the 2/3 gastrula stage. In contrast, when all SMCs are ablated at or following the 2/3 gastrula stage, further elongation does not occur. However, if a few SMCs are allowed to remain in 2/3-3/4 gastrulae, elongation continues, although more slowly than in controls. The final length of archenterons in embryos ablated at the 1/3-1/2 gastrula stage is virtually identical to the final length of everted archenterons in LiCl-induced exogastrulae; since filopodial traction is not exerted in either case, an alternate, common mechanism of elongation probably operates in both cases. These results suggest that archenteron elongation involves two processes: (1) active, filopodia-independent elongation, which depends on active cell rearrangement and (2) filopodia-dependent elongation, which depends on mechanical tension exerted by the filopodia.

Hysteresis in the normal rate of capacity utilization: A behavioral explanation

2020 ◽  
Vol 71 (4) ◽  
pp. 898-919
Author(s):  
Mark Setterfield ◽  
Joana David Avritzer
Keyword(s):  
Capacity Utilization ◽  
Normal Rate

Tolerable ranges of variation in the rate of capacity utilisation and corridor instability: a reply to Florian Botte

2019 ◽  
Author(s):  
Mark Setterfield
Keyword(s):  
Capacity Utilization ◽  
Normal Rate ◽  
Actual Rate ◽  
Capacity Utilisation ◽  
Long Run

AbstractThis reply to Botte (2019, Estimating normal rates of capacity utilization and their tolerable ranges: a comment on Mark Setterfield, Cambridge Journal of Economics, forthcoming) responds to criticisms of the methods used to estimate the normal rate of capacity utilisation and a tolerable interval of variation in the actual rate of capacity utilisation around the normal rate in Setterfield (2019a, Long-run variation in capacity utilization in the presence of a fixed normal rate, Cambridge Journal of Economics, vol. 43, no. 2, 443–63). It concludes with some further reflections on the concept of corridor instability.

scholarly journals The (Normal) Rate of Capacity Utilization at the Firm Level

2013 ◽  
Vol 64 (3) ◽  
pp. 513-538 ◽  
Author(s):  
Michalis Nikiforos
Keyword(s):  
Capacity Utilization ◽  
Normal Rate ◽  
Firm Level

The role of inventories and capacity utilization as shock absorbers

2014 ◽  
Vol 17 (1) ◽  
pp. 70-85 ◽  
Author(s):  
Leonardo Auernheimer ◽  
Danilo R. Trupkin
Keyword(s):  
Capacity Utilization ◽  
Shock Absorbers

INDETERMINACY IN CASH-IN-ADVANCE MODELS AND THE ROLE OF FRICTIONS

2009 ◽  
Vol 14 (1) ◽  
pp. 119-135 ◽  
Author(s):  
Koray Akay
Keyword(s):  
Habit Formation ◽  
Capacity Utilization ◽  
Adjustment Costs ◽  
New Keynesian ◽  
Elasticity Of Substitution ◽  
Variable Capacity ◽  
Model Features ◽  
Real Indeterminacy ◽  
Cash In Advance

A monetary cash-in-advance model is known to be prone to real indeterminacy if the intertemporal elasticity of substitution in consumption is sufficiently low. Moreover, if the model features habit formation in consumption, the scope of indeterminacy increases substantially. This paper shows that many of the nominal frictions and real rigidities commonly used in the New Keynesian paradigm act to decrease the scope of this indeterminacy. These frictions include stickiness in prices and wages, adjustment costs in investment, and variable capacity utilization. When they are all used together in the model, the problem of indeterminacy nearly vanishes, even when habit formation in consumption is allowed.

A quantitative study of the number and distribution of neoblasts in Dugesia lugubris (Planaria) with reference to size and ploidy

Development ◽  
1967 ◽  
Vol 18 (2) ◽  
pp. 199-213
Author(s):  
C. S. Lange
Keyword(s):  
Stem Cell ◽  
Quantitative Study ◽  
Normal Rate ◽  
Wound Area ◽  
Excellent Review

The role of the planarian neoblast as a totipotential stem cell has been discussed in the literature for well over a century (cf. Brøndsted's excellent review, 1955). It remained a matter of strong debate until 1949 when Dubois demonstrated conclusively the migration of neoblasts (through regions depleted of their neoblasts by radiation) to the surface of a wound. She showed that the onset of regeneration was delayed until the neoblasts reached the wound area, and that once they had arrived regeneration took place at the normal rate with the neoblasts actively dividing in and just posterior to the blastema. Since then many authors (the Brøndsteds, Stéphan-Dubois, Pedersen, Lender, the Benazzis) have studied the histochemistry, the distribution, and the factors which influence differentiation of the planarian neoblast in several species. Only Brøndsted & Brøndsted (1961) have reported on the total number of neoblasts in a planarian.

Sign in / Sign up

Export Citation Format

Share Document