Reswitching And Decreasing Demand For Capital
We consider a Wicksellian or Neo-Austrian model of production with a continuum of techniques. For this model we provide an example in which a monotonically decreasing demand for capital schedule is combined with reswitching and a net product per worker that increases (over a certain interval) as the interest rate increases. Copyright © 2010 The Author. Journal compilation © 2010 Blackwell Publishing Ltd.
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Volume (Year): 61 (2010)
Issue (Month): 4 (November)
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