2017
DOI: 10.1142/s2424942417400059
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Golden-Rule Level of the Employment

Abstract: The competitive economy, over a long time scale, would produce a large number of general equilibria, each of which can be regarded as a possible microstate of this economy. Then by the principle of maximum entropy, we can obtain the most probable macrostate which in the case of perfect competition involving a single industry will lead to a Solow-type aggregate production function. By this aggregate production function, one can make clear how labors match¯rms on the balanced growth path. Here, we prove that whe… Show more

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Cited by 3 publications
(2 citation statements)
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“…The human resource architecture theory suggests that companies can change the way human resources are employed and utilized according to their strategy and the business environment [122]. The optimal amount of employment is extensively described in the scientific literature [123][124][125]. From the perspective of a social enterprise, one must assess which factors should be considered in determining the optimal amount of employment.…”
Section: Ensure Sustainable Consumption and Production Patternsmentioning
confidence: 99%
“…The human resource architecture theory suggests that companies can change the way human resources are employed and utilized according to their strategy and the business environment [122]. The optimal amount of employment is extensively described in the scientific literature [123][124][125]. From the perspective of a social enterprise, one must assess which factors should be considered in determining the optimal amount of employment.…”
Section: Ensure Sustainable Consumption and Production Patternsmentioning
confidence: 99%
“…In this special issue, [1][2][3][4][5][6][7][8][9][10][11] we deal with the subject termed as physics of societies, trying to summarize the¯eld and to show where we can do better than other approaches to treat unsolved issues in societies.…”
Section: Introductionmentioning
confidence: 99%