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A METHODOLOGY FOR DURABLE ASSET REPLACEMENT DECISIONMAKING

Alan E. Baquet

No 283633, 1978 Annual Meeting, August 6-9, Blacksburg, Virginia from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Durable asset replacement theory typically assumes (1) a constant conversion rate between the stock of the asset and its flow of services and (2) perfectly substitutable services from either asset. A methodology is presented which relaxes both assumptions. The variable usage rate for the asset becomes an important determinant of replacement.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Pages: 13
Date: 1978-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea78:283633

DOI: 10.22004/ag.econ.283633

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