Capital Utilization and the Willingness to Rest: A General Equilibrium Analysis

Martial Dupaigne

No 391, Econometric Society World Congress 2000 Contributed Papers from Econometric Society

Abstract: This paper develops a general equilibrium model acknowledging that greater capital utilization requires either longer hours or unsocial schedules. Contrary to the popular depreciation-in-use models, capital utilization does not only concern the firms' organisational choices but also labor supply behaviours, since an increase in the workweek of capital affects the households' welfare. Capital utilization and shiftworking are endogenously determined as equilibrium outcomes though - this was not the case in previous studies linking capital utilization to work conditions. A number of relevant cases where capital utilization does vary over the cycle are numerically illustrated : factor complementarity, quasi-fixity of input stocks and nominal rigidities.

Date: 2000-08-01
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://fmwww.bc.edu/RePEc/es2000/0391.pdf main text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ecm:wc2000:0391

Access Statistics for this paper

More papers in Econometric Society World Congress 2000 Contributed Papers from Econometric Society Contact information at EDIRC.
Bibliographic data for series maintained by Christopher F. Baum ().