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RESWITCHING AND DECREASING DEMAND FOR CAPITAL

Saverio Fratini

Metroeconomica, 2010, vol. 61, issue 4, 676-682

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.

Date: 2010
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Citations: View citations in EconPapers (4)

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https://doi.org/10.1111/j.1467-999X.2010.04090.x

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Working Paper: RESWITCHING AND DECREASING DEMAND FOR CAPITAL (2009) Downloads
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