From: Michael Perelman (michael@ECST.CSUCHICO.EDU)
Date: Sat Dec 25 2004 - 20:08:25 EST
The papers are interesting, but they do not have data on replacement investment. On Sat, Dec 25, 2004 at 12:43:48PM -0500, Gerald_A_Levy@MSN.COM wrote: > Michael P, > > While doing a (unsuccessful, for reasons you suggested previously) search > for data on replacement investment over the course of the cycle, I did > find a few related papers which you and others might be interested in > if you are not already aware of them: > > A couple of recent (August, 2004 and 2003 respectively) papers, > written from a mainstream perspective, on this subject: > -- "Irreversible Investment with Embodied Technological Progress" > www.gate.cnrs.fr/t2m2005/Textes%20des%20communications%5CC39.pdf > -- "Optimal Scrapping and Technology Adoption Under Uncertainty" > http://www.realoptions.org/papers2004/RocheTA.pdf > > > A 2002 paper written from a Post-Keynesian perspective, which deals with > related issues: > -- "Investment and Innovation in Capitalist Economies 1870-2000: > Kaleckian Dynamics and Evolutionary Life Cycles" by Jerry Courvisanos and > Bart Verspagen: > www.utas.edu.au/economics/Library/discussion_papers/papers_02/2002-06.pdf > > > *** btw, happy holidays to all! *** > > In solidarity, Jerry -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu
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