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Idiosyncratic uncertainty, capacity utilization and the business cycle

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  • Portier, Franck
  • Fagnart, Jean-François
  • Licandro, Omar

Abstract

This paper analyses the basic features of technical and distributional changes in the US since the Civil War as the expression of the gradual emergence of a new paradigm, corresponding to a Managerial Revolution, and its replacement of the earlier organization inherited from the Industrial Revolution.

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Bibliographic Info

Paper provided by CEPREMAP in its series CEPREMAP Working Papers (Couverture Orange) with number 9607.

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Length: 24 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:cpm:cepmap:9607

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