Dynamique de l'accumulation de capital en présence de contraintes de débouchés

There are different formulations of capital inertia based on costs of adjustment. The differences in the results derive essentially from the returns to scale of the revenu fonction relating production and costs. Based on an example, we study two questions bearing on the role of the anticipated constraints: the lag between the application of a constraint and the diminution of investments, and the influence of fluctuations in demand on investment decisions.

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Year of publication:	1986
Authors:	MICHEL, Philippe
Published in:	Annales d'Economie et de Statistique. - École Nationale de la Statistique et de l'Admnistration Économique (ENSAE). - 1986, 2, p. 117-145
Publisher:	École Nationale de la Statistique et de l'Admnistration Économique (ENSAE)

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

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