The q-Theory and Replacement Investment: A Cursory Look at the Replacement Decision

Michael Perelman

Chapter 4 in Keynes, Investment Theory and the Economic Slowdown, 1989, pp 156-214 from Palgrave Macmillan

Abstract: Abstract In this chapter, I will develop a theoretical framework to discuss the changing degree to which firms resist scrapping capital goods. This analysis builds on the futures market for capital services, the q-theory, and a small number of elementary principles.

Keywords: Machine Tool; Stock Market; Monetary Policy; Capital Stock; Stock Prex (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-19940-2_4

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DOI: 10.1007/978-1-349-19940-2_4

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