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Comment on «A Unified Framework for Firm’s Decisions: Theoretical Analysis and Empirical Application to Italy 1970–1981»

Published online by Cambridge University Press:  17 August 2016

Pierre-Alain Muet
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Abstract

This paper is interesting and ambitious since it tries to provide both on the theoretical and empirical levels an integrated account of firm’s behaviour under the assumptions of an imperfectly competitive output market and of a putty-clay technology.

In my opinion subject to caution, if the author succeeds quite well at the theoretical level, the empirical results are more questionable.

One of the difficulties found in building an integrated model of firms’ behaviour is to take into account the different time horizons concerned by the firms’ enterprises.

The intertemporal characters of these decisions result from several factors:

Type
Research Article
Information
Recherches Économiques de Louvain/ Louvain Economic Review , Volume 50 , Issue 1-2 , 1984 , pp. 83 - 87
Copyright
Copyright © Université catholique de Louvain, Institut de recherches économiques et sociales 1984 

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Footnotes

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OFCE.