Abstract
Vintages are durable goods acquired at different points of time. The acquisition prices for capital goods of each vintage at each point of time together with investments of all vintages at each point of time constitute the basic data on quantities and prices. These data can be employed in generating the complete vintage accounting system.
This chapter was originally published in The New Palgrave Dictionary of Economics, 2nd edition, 2008. Edited by Steven N. Durlauf and Lawrence E. Blume
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Jorgenson, D.W. (2008). Vintages. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_1402-2
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DOI: https://doi.org/10.1057/978-1-349-95121-5_1402-2
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Publisher Name: Palgrave Macmillan, London
Online ISBN: 978-1-349-95121-5
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