Boucekkine, Raouf; Río, Fernando del; Martínez, Blanca - In: Oxford Economic Papers 61 (2009) 3, pp. 440-466
We construct a two-sector vintage capital model with neutral and investment-specific technical progress and variable utilization of each vintage. The lifetime of capital goods is endogenous and it relies on the associated maintenance costs. First, we show that the lifetime of capital is an...
