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Capital productif, incertitudes et profitabilité

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  • Edmond Malinvaud

Abstract

The productive capacity that a firm would choose must mainly depend on its expectations concerning future demand and the profitability of production. The desired capital intensity must mainly depend on the relative cost of capital with respect to labor. In order to study conditions under which these two propositions apply, one discusses a model in which uncertainty of future prospects and irreversibility of investment play the major roles.

Suggested Citation

  • Edmond Malinvaud, 1987. "Capital productif, incertitudes et profitabilité," Annals of Economics and Statistics, GENES, issue 5, pages 1-36.
  • Handle: RePEc:adr:anecst:y:1987:i:5:p:1-36
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    File URL: http://www.jstor.org/stable/20075634
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    Cited by:

    1. Olivier Passet & Christine Rifflart & Henri Sterdyniak, 1997. "Ralentissement de la croissance potentielle et hausse du chômage," Revue de l'OFCE, Programme National Persée, vol. 60(1), pages 109-146.
    2. Hoarau, Jean-François, 2013. "Un modèle NATREX synthétique pour une petite économie « développée » ouverte contrainte sur les marchés internationaux de capitaux," L'Actualité Economique, Société Canadienne de Science Economique, vol. 89(4), pages 259-303, Décembre.
    3. David De la Croix & O. Licandro, 1993. "The q theory of investment under unit root tests," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 139, pages 329-339.
    4. Licandro, Omar, 1991. "Q investment models, factor complementary and monopolistic competition," UC3M Working papers. Economics 2794, Universidad Carlos III de Madrid. Departamento de Economía.
    5. Pierre Villa, 1993. "Productivité et accumulation du capital en France depuis 1896," Revue de l'OFCE, Programme National Persée, vol. 47(1), pages 161-200.
    6. repec:hal:spmain:info:hdl:2441/2476 is not listed on IDEAS

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