Inter-Temporal Allocation in the Generalized Model
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A certain type of capital good, available at the end and during the time period t, is a produced good. This good has two different aspects, a static and a dynamic one, and we may think of the stocks of the (ith type of) capital good, as observed at somewhat different points in time, and treat them as different goods; the slacks of the balance restrictions of the two corresponding ‘goods’ (e.g. products) have quite different interpretations, idle capacity, c.q. scrapping.
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