Logarithmic depreciation
نویسندگان
چکیده
This paper studies logarithmic depreciation which is similar to conventional geometric depreciation, except that capital and investment are replaced by their logarithms. We provide empirical theoretical evidence can account for aggregate better than more complicated methods have additional parameters. document consumption decisions in the United States other countries appear be made under erroneous assumption approximately depreciates geometrically welfare losses from doing so large.
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ژورنال
عنوان ژورنال: Economic Modelling
سال: 2021
ISSN: ['0264-9993', '1873-6122']
DOI: https://doi.org/10.1016/j.econmod.2021.105503