Neoclassical investment models predict that firms should make frequent, small adjustments to their capital stocks. Microeconomic evidence, however, shows just the opposite -- firms make infrequent, large adjustments to their capital stocks. In response, researchers have developed models with...

Neoclassical investment models predict that firms should make frequent, small adjustments to their capital stocks. Microeconomic evidence, however, shows just the opposite -- firms make infrequent, large adjustments to their capital stocks. In response, researchers have developed models with...

In der Diskussion um den Standort Deutschland spielen die Maschinenlaufzeiten eine wichtige Rolle. Was aber z.B. auch bei internationalen Vergleichen teilweise außer acht gelassen wird, ist die Methode, mit der die Betriebszeiten ermittelt wurden. In dem Beitrag wird die Eignung verschiedener...