Subequilibrium in the North American Steel Industries: A Study of Short Run Biases from Regulation and Utilisation Fluctuations
构建了一个短期分析框架，用于评估技术、产出、利用率和监管等偏差，并应用于美国和加拿大钢铁行业，分析监管、利用率波动和需求变化对行业结构的影响。
The purpose of this paper has been to develop a short-run framework for assessment of various biases, including technical, output or scale, utilization, and regulatory biases, to address questions about the impacts of exogenous shocks on firm behavior. This framework was then used to assess issues about the effects of regulation, utilization, output demand fluctuations, and technical change on the structure of the steel industry. The theoretical development as well as the application to the U.S. and Canadian steel industries indicate the wide-ranging applications of such a framework. Copyright 1988 by Royal Economic Society.