Boucekkine, Raouf; Fabbri, G.; Gozzi, Fausto - 2009
, 2009
Abstract
A benchmark AK optimal growth model with maintenance expenditures
and endogenous utilization of capital is … considered within an explicit vin-
tage capital framework. Scrapping is endogenous, and the model allows
for a clean distinction …, therefore challenging
the ability of the standard model to account for the investment decision either
at the flrm or the …