Bontempi, Elena; Del Boca, Alessandra; Franzosi, Alessandra - 2001
In this paper we study the determinants of investment decisions at the firm level with heterogeneous capital goods. We …, sales, and net acquisitions of capital goods. We distinguish between equipment and structures and test the assumption of … Himmelberg (1995) and extend it to the case of several capital inputs. The results show that the standard convex costs model fits …