Di Corato, Luca; Moretto, Michele; Vergalli, Sergio - 2013
capital accumulation. In this paper, we consider a firm facing a linear demand function with additive shocks and present a … technique for the analytical approximation of the long-run average rate of capital accumulation for the case of an inverted U …-shape profit function. We then compare the long-run rates of capital accumulation calculated under both assumptions within a …