OPTIMAL VINTAGE CAPITAL UTILIZATION SUPPORTABILITY CONDITIONS

被引:0
|
作者
DEMELLO, LR
机构
[1] Department of Economics, Keynes College, The University, Canterbury
关键词
D O I
10.1016/0165-1765(94)90082-5
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper is aimed at showing that, if the extensive lifetime of vintage capital equipment is limited, there exists a time-truncation in the vintage capital utilisation programming span. It is shown that output allocations generated by vintage-truncated capital equipment are supported by both prices and vintage-weighted capital productivities and constitute a price quasi-equilibrium (PQE).
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页码:427 / 431
页数:5
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