Abstract
In this chapter, I will develop a theoretical framework to discuss the changing degree to which firms resist scrapping capital goods. This analysis builds on the futures market for capital services, the q-theory, and a small number of elementary principles.
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© 1989 Michael A. Perelman
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Perelman, M. (1989). The q-Theory and Replacement Investment: A Cursory Look at the Replacement Decision. In: Keynes, Investment Theory and the Economic Slowdown. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-19940-2_4
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DOI: https://doi.org/10.1007/978-1-349-19940-2_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-19942-6
Online ISBN: 978-1-349-19940-2
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)