The optimal economic lifetime of vintage capital in the presence of operating costs, technological progress, and learning
From MaRDI portal
Publication:844773
DOI10.1016/j.jedc.2007.12.003zbMath1181.91113MaRDI QIDQ844773
Natali Hritonenko, Yuri Yatsenko, Renan-Ulrich Goetz
Publication date: 19 January 2010
Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.jedc.2007.12.003
vintage capital; distributed optimal control; economic lifetime; operation and maintenance costs; technological progress and learning
49K20: Optimality conditions for problems involving partial differential equations
91B38: Production theory, theory of the firm
91B32: Resource and cost allocation (including fair division, apportionment, etc.)
Related Items
Investment in vintage capital, Exponential stability of numerical solutions for a class of stochastic age-dependent capital system with Poisson jumps, Maintenance and investment: complements or substitutes? A reappraisal, Feasibility and optimality of the initial capital stock in the Ramsey vintage capital model, Age-Structured PDEs in Economics, Ecology, and Demography: Optimal Control and Sustainability
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