Towards A General Theory of Real Capital

George C. Bitros () and E.G. Flytzanis

Athens University of Economics and Business from Athens University of Economics and Business, Department of International and European Economic Studies

Abstract: We present a unified theoretical framework capable to address the main real capital decision problems. Initially we specify a continous-time, terminal-horizon real capital model and use it to trace the properties of optimal utilisation, maintenance, and expansionary investment policies, as well as their interactions.

Keywords: INVESTMENTS; CAPITAL; PRICES (search for similar items in EconPapers)
JEL-codes: D11 D21 D24 D92 E22 F21 G31 (search for similar items in EconPapers)
Date: 2001

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