Investment in vintage capital

DOI10.1016/j.jet.2010.10.017zbMath1258.91153OpenAlexW2146134812MaRDI QIDQ413495

Yuri Yatsenko, Boyan Jovanovic

Publication date: 7 May 2012

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2010.10.017

zbMATH Keywords

optimal controlgeneral equilibriumtechnological changeCES functionintra-firm adoption lagsvintage capital models

Mathematics Subject Classification ID

Economic growth models (91B62) Optimal stochastic control (93E20) Economic dynamics (91B55)

Related Items (12)

Generalized functions in the qualitative study of heterogeneous populations ⋮ Existence of measure-valued solutions in optimal control of age-structured populations ⋮ Fifty years of mathematical growth theory: classical topics and new trends ⋮ Introduction to economic growth ⋮ Impulse controls in optimal harvesting of age-structured populations ⋮ Dirac delta-function in optimal control of age-structured populations ⋮ Feasibility and optimality of the initial capital stock in the Ramsey vintage capital model ⋮ Multiple solutions in systems of functional differential equations ⋮ Optimal control of investments in old and new capital under improving technology ⋮ Vintage human capital and learning curves ⋮ Environmentally sustainable industrial modernization and resource consumption: is the Hotelling's rule too steep? ⋮ BANG-BANG, IMPULSE, AND SUSTAINABLE HARVESTING IN AGE-STRUCTURED POPULATIONS

Cites Work

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• The economics of orchards: An exercise in point-input, flow-output capital theory
• The optimal economic lifetime of vintage capital in the presence of operating costs, technological progress, and learning
• Turnpike and optimal trajectories in integral dynamic models with endogeneous delay
• Anticipation echoes in vintage capital models
• Endogenous vs exogenously driven fluctuations in vintage capital models
• Environmental policy and competitiveness: The Porter hypothesis and the composition of capital
• Replacement echoes in the vintage capital growth model
• Modeling and optimization of the lifetime of technologies
• Experience vs. obsolescence: a vintage-human-capital model
• The Technology Cycle and Inequality
• Substitution versus Fixed Production Coefficients in the Theory of Economic Growth: A Synthesis

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