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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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
13389.
Find related papers by JEL classification: D46 - Microeconomics - - Market Structure and Pricing - - - Value Theory B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics D33 - Microeconomics - - Distribution - - - Factor Income Distribution D24 - Microeconomics - - Production and Organizations - - - Production; Capital and Total Factor Productivity; Capacity
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