caa a22 4500 378906879 CHVBK 20180305123532.0 cr unu---uuuuu 161128e20040916xx s 000 0 eng 10.2202/1558-3708.1150 doi (NATIONALLICENCE)gruyter-10.2202/1558-3708.1150 Working Time and Employment Under Uncertainty [Elektronische Daten] [Yu-Fu Chen, Michael Funke] The standard literature on working time has modelled the decisions of firms in a deterministic framework in which firms can choose between employment and overtime (given mandated standard hours). Contrary to this approach, we consider the impact of uncertainty and real options on the decision of working time and examine the determinants of employment and hours in a stochastic framework. A number of simulation exercises to illustrate the workings of the model are also undertaken. ©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston Chen Yu-Fu Dept of Economic Studies, University of Dundee, UK, y.f.chen@dundee.ac.uk aut Funke Michael University of Hamburg, Germany, funke@hermesl.econ.uni-hamburg.de aut Studies in Nonlinear Dynamics & Econometrics De Gruyter 8/3(2004-09-16) 8:3 2004 8 snde https://doi.org/10.2202/1558-3708.1150 text/html Onlinezugriff via DOI 1 research article jats NATIONALLICENCE 856 40 https://doi.org/10.2202/1558-3708.1150 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Chen Yu-Fu Dept of Economic Studies, University of Dundee, UK, y.f.chen@dundee.ac.uk aut NATIONALLICENCE 700 1- Funke Michael University of Hamburg, Germany, funke@hermesl.econ.uni-hamburg.de aut NATIONALLICENCE 773 0- Studies in Nonlinear Dynamics & Econometrics De Gruyter 8/3(2004-09-16) 8:3 2004 8 snde CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence SWISSBIB 22761657X BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-gruyter