在庫保有と労働需要関数

概要

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In this paper, we derive demand functions for labor which depend both on the real wage rate and on the exogenously constrained quantity of sales, introducing inventory holding into the optimization of a representative firm. Crucial in our model is the cost function of inventory holding, which has the features of the Penrose curve. First, we deal with the case of perfect competition, in which sales can be constrained in the products market. Next, the case of imperfect competition is investigated, where a monopolistic firm can determine both the price and the quantity of its product, the exogenous change of sales occurring only parametrically. In the former case, the demand for labor is a function of the real wage rate and, in the process of convergence to equilibrium, of the constrained sales. In the latter case, it is a function of the real wage rate and, also in equilibrium, of the sift-parameter representing the demand increase for the product.
関西学院大学の論文
2003-06-25