A Micro Econometric Model of Capital Utilization and Retirement
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The paper presents a micro econometric model of capital utilization and retirement. Some estimates of a firm's discrete decision problem with regard to an existing piece of capital--whether to operate, hold idle or retire it--are obtained, in the context of the US cement industry, by solving a
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美国国家经济研究局创建时间：
1990-12-01
