Munich Personal RePEc Archive

RESWITCHING AND DECREASING DEMAND FOR CAPITAL

Fratini, Saverio M. (2009): RESWITCHING AND DECREASING DEMAND FOR CAPITAL.

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Abstract

We consider a model of production with a continuum of linear techniques and examine the related choice of technique and shape of the demand for capital schedule. The primary conclusion regards the possibility of a decreasing demand for capital schedule combined with reswitching and reverse capital deepening.

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