This empirical analysis aims at assessing the effect of the economic climate and the intensity of capital utilisation on companies? capital retirement behaviour. It is conducted using individual company data, as well as original data on the degree of utilisation of production factors. The sample...

Microeconometrics has experienced a remarkable growth over the last twenty years. This development, which can be observed even outside the academia, rests for an essential part on the increased availability and diffusion of microeconomic databases. But the progress observed in econometric...