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.
Fratini, S.M. (2010). Reswitching and decreasing demand for capital. METROECONOMICA, 61(4), 676-682 [10.1111/j.1467-999X.2010.04090.x].
Reswitching and decreasing demand for capital
FRATINI, SAVERIO MARIA
2010-01-01
Abstract
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.File in questo prodotto:
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