| Titre | Rigidités microéconomiques, flexibilité macroéconomique. L'émergence d'une macro-économie de la spécificité et de l'irréversibilité | |
|---|---|---|
| Auteur | Xavier Galiègue | |
 |
Revue | Cahiers d'économie politique |
| Numéro | no 35, automne 1999 | |
| Page | 19-36 | |
| Résumé anglais |
When using specific assets, the optimal reaction of a production unit to exogeneous shocks is highly non-linear. As a consequence, macroeconomic variables have to be build up by aggregating individual reactions. Asset specificity influences also the factors of production, which have to share the quasi-rent obtained by their collaboration. The working of the market depresss the price of the non specific, flexible factor, in order to reward the specific factor. Investment is depressed and excessive destruction occurs, while the cyclical response of a rigid factor economy is more elastic than that of a flexible factor one. Source : Éditeur (via Persée) |
|
| Article en ligne | http://www.persee.fr/web/revues/home/prescript/article/cep_0154-8344_1999_num_35_1_1260 |
