Year: 1991
Author: Windsperger, Josef
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 111 (1991), Iss. 3 : pp. 425–435
Abstract
Adjustment costs as 'costs' of incomplete flexibility and mobility of input factors are the decision criterion to evaluate the economic efficiency of adjustment strategies in the disequilibrium of the firm. Further, under intermarket adjustment strategies adjustment costs as intermarket mobility costs are a generalization of the market entry and market exit barrier concept used in the industrial organization theory. Moreover, if the firm is regarded as a production and coordination mechanism, the ratio between economically fixed and variable costs depends on the extent of adjustment costs resulting from mobility and flexibility barriers.
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/schm.111.3.425
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 111 (1991), Iss. 3 : pp. 425–435
Published online: 1991-03
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 11
Author Details
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