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A Micro Econometric Model of Capital Utilization and Retirement / Sanghamitra Das.
- Format:
- Book
- Author/Creator:
- Das, Sanghamitra.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w3568.
- NBER working paper series no. w3568
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1990.
- Summary:
- The paper presents a micro econometric model of capital utilization and retirement. Some estimates of a firm's discrete decision problem with regard to an existing piece of capital--whether to operate, hold idle or retire it--are obtained, in the context of the US cement industry, by solving a discrete choice stochastic dynamic programming model. The estimates are then used to simulate effects of product and input price changes, and changes in the size and age of capital on a firm's propensity to operate, hold idle and retire capital.
- Notes:
- Print version record
- December 1990.
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