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Investment, Depreciation, And Capital Utilization

Bernstein, Jeffrey I. - 1988

interdependence with investment decisions. The approach is based on the view that the flow of undepreciated capital is an output to be …. Often this problem is ignored in the theory of investment, not only because depreciation is exogenous, but also due to the …

Persistent link: https://www.econbiz.de/10012476496

Financing and Investment in Plant and Equipment and Research and Development

Bernstein, Jeffrey I. - 1982

investment demands and the elasticities are highly inelastic. The effect is stronger for P&E than for R&D capital in the long run …, while the effects on P&E and R&D investment are quite similar in the short run …

Persistent link: https://www.econbiz.de/10012478088

Irreversible Investment, Capital Costs and Productivity Growth : Implications for Telecommunications

Bernstein, Jeffrey I. - 2007

This paper develops a model incorporating costly disinvestment and estimates the associated commitment premium required to invest in telecommunications. Results indicate that the irreversibility premium raises the opportunity cost of capital by 70 percent. This implies an average annual hurdle...

Persistent link: https://www.econbiz.de/10012465382