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Expectations, substitution, and scrapping in a putty-clay model

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  • Erik Biørn
  • Petter Frenger

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  • Erik Biørn & Petter Frenger, 1992. "Expectations, substitution, and scrapping in a putty-clay model," Journal of Economics, Springer, vol. 56(2), pages 157-184, June.
  • Handle: RePEc:kap:jeczfn:v:56:y:1992:i:2:p:157-184
    DOI: 10.1007/BF01237518
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    References listed on IDEAS

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    1. Hjalmarsson, Lennart, 1974. "The size distribution of establishments and firms derived from an optimal process of capacity expansion," European Economic Review, Elsevier, vol. 5(2), pages 123-140, August.
    2. James M. Malcomson & Michael J. Prior, 1979. "The Estimation of a Vintage Model of Production for UK Manufacturing," Review of Economic Studies, Oxford University Press, vol. 46(4), pages 719-736.
    3. Malcomson, James M., 1975. "Replacement and the rental value of capital equipment subject to obsolescence," Journal of Economic Theory, Elsevier, vol. 10(1), pages 24-41, February.
    4. Frenger, Petter, 1985. "Using the directional shadow elasticity of substitution to measure the concavity of the cost function," Economics Letters, Elsevier, vol. 19(2), pages 171-175.
    5. Ando, Albert K, et al, 1974. "On the Role of Expectations of Price and Technological Change in an Investment Function," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 15(2), pages 384-414, June.
    6. Pesaran, M Hashem, 1985. "Formation of Inflation Expectations in British Manufacturing Industries," Economic Journal, Royal Economic Society, vol. 95(380), pages 948-975, December.
    7. Diewert, W E, 1971. "An Application of the Shephard Duality Theorem: A Generalized Leontief Production Function," Journal of Political Economy, University of Chicago Press, vol. 79(3), pages 481-507, May-June.
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