No. 2001-13 DYNAMIC INVESTMENT BEHAVIOR TAKING INTO ACCOUNT AGEING OF THE CAPITAL GOOD By
نویسندگان
چکیده
In standard capital accumulation models all capital goods are equally productive and produce goods of the same quality. However, due to ageing, in reality it holds most of the time that newer capital goods are ¤Corresponding author, Institute for Econometrics, OR and Systems Theory, Vienna University of Technology, Argentinierstrasse 8, A-1040 Vienna, Austria, Telephone: +43 1 58801 / 11927, Fax: +43 1 58801 / 11999, E-mail: [email protected].
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