When Should Firms Invest in Old Capital?
收藏NBER2008-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w14000
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资源简介：
This paper studies optimal investment policies when the production function depends on capital of various vintages. In such an environment it is natural to ask whether the firm will invest in old-vintage capital at all. In this paper I derive such a condition. Predictably, investment in old capital
提供机构：
美国国家经济研究局
创建时间：
2008-05-01
