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Towards A General Theory of Real Capital

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Author Info
Bitros, G.C.
Flytzanis, E.G.

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Abstract

We present a unified theoretical framework capable to address the main real capital decision problems. Initially we specify a continous-time, terminal-horizon real capital model and use it to trace the properties of optimal utilisation, maintenance, and expansionary investment policies, as well as their interactions.

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Publisher Info
Paper provided by Athens University of Economics and Business, Department of International and European Economic Studies in its series Athens University of Economics and Business with number 126.

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Length: 24 pages
Date of creation: 2001
Date of revision:
Handle: RePEc:fth:athebu:126

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Postal: Athens University of Economics and Business, Department of International and European Economic Studies. Parission 76, Athens Greece 10434
Phone: +30 1 8203250
Fax: +301 8228419
Web page: http://www.aueb.gr/
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Related research
Keywords: INVESTMENTS ; CAPITAL ; PRICES;

Find related papers by JEL classification:
D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
D21 - Microeconomics - - Production and Organizations - - - Firm Behavior
D24 - Microeconomics - - Production and Organizations - - - Production; Capital and Total Factor Productivity; Capacity
D92 - Microeconomics - - Intertemporal Choice and Growth - - - Intertemporal Firm Choice and Growth, Investment, or Financing
E22 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity
F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Investment Policy

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