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Subequilibrium in the North American Steel Industries: A Study of Short Run Biases from Regulation and Utilisation Fluctuations

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  • Morrison, Catherine

Abstract

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.

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  • Morrison, Catherine, 1988. "Subequilibrium in the North American Steel Industries: A Study of Short Run Biases from Regulation and Utilisation Fluctuations," Economic Journal, Royal Economic Society, vol. 98(391), pages 390-411, June.
    • Handle: RePEc:ecj:econjl:v:98:y:1988:i:391:p:390-411
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    Cited by:

    1. Morrison Paul, Catherine J. & Siegel, Donald, 1997. "Automation Or Openness?: Technology And Trade Impacts On Costs And Labor Composition In The Food System," Strategy and Policy in the Food System: Emerging Issues, June 20-21, 1996, Washington, D.C. 25940, Regional Research Project NE-165 Private Strategies, Public Policies, and Food System Performance.
    2. Swagel, Phillip, 2000. "Union behavior, industry rents, and optimal policies," International Journal of Industrial Organization, Elsevier, vol. 18(6), pages 925-947, August.
    3. Edward Kokkelenberg & Sang Nguyen, 1989. "Modeling technical progress and total factor productivity: A plant level example," Journal of Productivity Analysis, Springer, vol. 1(1), pages 21-42, March.
    4. Ray, Subhash C. & Kim, Hiung Joon, 1995. "Cost efficiency in the US steel industry: A nonparametric analysis using data envelopment analysis," European Journal of Operational Research, Elsevier, vol. 80(3), pages 654-671, February.
    5. George Mergos & Giannis Karagiannis, 1997. "Sources Of Productivity Change Under Temporary Equilibrium And Application To Greek Agriculture," Journal of Agricultural Economics, Wiley Blackwell, vol. 48(1‐3), pages 313-329, January.
    6. Catherine J. Morrison Paul & Donald Siegel, 1999. "Estimation of Scale Economies Underlying Growth and Productivity: The Empirical Implications of Data Aggregation," Southern Economic Journal, John Wiley & Sons, vol. 65(4), pages 739-756, April.
    7. Kaustuva Barik, 2005. "Capacity Utilization in Indian Paper Industry," Microeconomics 0503001, University Library of Munich, Germany.
    8. Hristos Doucouliagos & Phillip Hone, 2000. "Deregulation and Subequilibrium in the Australian Dairy Processing Industry," The Economic Record, The Economic Society of Australia, vol. 76(233), pages 152-162, June.
    9. Guyomard, H. & Tavéra, C., 1990. "Technical change and agricultural supply-demand analysis problems of measurement and problems of interpretation," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 26.
    10. Catherine J. Morrison, 1989. "Markup Behavior in Durable and Nondurable Manufacturing: A production Theory Approach," NBER Working Papers 2941, National Bureau of Economic Research, Inc.

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