Yamaguchi, Rintaro; Sato, Masayuki; Ueta, Kazuhiro - Volkswirtschaftliche Fakultät, … - 2009
In this paper, we consider how genuine savings would be altered if the adjustment costs of capitals are taken into … account in the stylized capitalresource model. It is shown that, in order to derive the modified genuine savings, through … shadow prices, the original genuine savings have to be divided by the marginal adjustment costs of the capital in question …