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Towards A General Theory of Real Capital

George Bitros () and E.G. Flytzanis

DEOS Working Papers from Athens University of Economics and Business

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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Working Paper: Towards A General Theory of Real Capital (2001)
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