Sebbene il miglioramento qualitativo di prodotto e servizi alla clientela sia da tempo ritenuto un fattore determinante per un riposizionamento di mercato, in Italia attivitâˆšÉ private di R&S si sono tradotte in larga parte in acquisizione di macchinari. Neppure la necessitâˆšÉ di un...

In equipment-intensive sectors - such as water utilities, power generation, gas - billions of dollars are spent in capital equipment. We discuss and characterize the optimal policy of a profit-maximizing firm and compare it with the optimal policy of a welfare-maximizing planner. When there is...

Firms in equipment-intensive sectors, where investment in production is performed at diminishing marginal cost, spend billions of dollars in equipment and production capacity. Typically, this expenditure is induced by either the replacement of existing equipment, which deteriorates with age and...