The cost function given imperfectly flexible capital

Robert A. Becker; Daniel F. Spulber

doi:10.1016/0165-1765(84)90163-0

The cost function given imperfectly flexible capital

Robert A. Becker^*, Daniel F. Spulber

^*Corresponding author for this work

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1 Scopus citations

Abstract

The properties of the firm's cost function are examined when investment is irreversible and there are costs of capital adjustment. The effects of the firm's initial capital stock on total, marginal and average costs are analysed.

Original language	English (US)
Pages (from-to)	197-204
Number of pages	8
Journal	Economics Letters
Volume	16
Issue number	3-4
DOIs	https://doi.org/10.1016/0165-1765(84)90163-0
State	Published - 1984

ASJC Scopus subject areas

Finance
Economics and Econometrics

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title = "The cost function given imperfectly flexible capital",

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AU - Becker, Robert A.

AU - Spulber, Daniel F.

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The cost function given imperfectly flexible capital

Abstract

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