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A Further Analysis

  • Onno van Hilten
  • Peter M. Kort
  • Paul J. J. M. van Loon

Abstract

In Chapter 7 we have described the optimal solution of the model in the same way as done in most publications on dynamics of the firm. Still, a lot of worthwhile economic analysis remains to be done. We present two more ways of analysis in this chapter. The first way of analysis is a derivation of global decision rules, which together constitute the policy of the firm. The stepping stones in the four master trajectories of Chapter 6 are the Q*-values, of which several are present in more than one trajectory. In Chapter 6 we have discussed the factors influencing these Q*-values, based on the three aspects of the policy of the firm in the relevant model concerning production, finance and investment/dividend.

Keywords

Interest Rate Wage Rate Output Level Optimal Trajectory Capital Good 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 1993

Authors and Affiliations

  • Onno van Hilten
    • 1
  • Peter M. Kort
    • 2
  • Paul J. J. M. van Loon
    • 3
    • 4
  1. 1.Netherlands Energy Research Foundation ECNPettenThe Netherlands
  2. 2.Department of EconomicsTilburg UniversityTilburgThe Netherlands
  3. 3.Coopers & Lybrand Management ConsultantsUtrechtThe Netherlands
  4. 4.Department of EconomicsGroningen UniversityGroningenThe Netherlands

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