Depreciation in a Simple Regulatory Model: Reply

Several difficulties remain with the inclusion of depreciation in a regulatory model, even after Linhart's useful comments and extensions. His liquidity constraint is overly restrictive, there are difficulties in selecting the optimal discount rate(s), and the classification of a depreciation path as uniformly accelerated is incorrect.

MoreLess

Year of publication:	1974
Authors:	Jaffee, Bruce L.
Published in:	Bell Journal of Economics. - The RAND Corporation, ISSN 0361-915X. - Vol. 5.1974, 1, p. 233-234
Publisher:	The RAND Corporation

More details

Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005353740