| dc.contributor.author | Biørn, Erik | |
| dc.date.accessioned | 2018-11-25T21:31:41Z | |
| dc.date.available | 2018-11-25T21:31:41Z | |
| dc.date.issued | 1986-09-15 | |
| dc.identifier.uri | http://hdl.handle.net/11250/2574706 | |
| dc.description.abstract | The paper presents a framework for analyzing the effect of unanticipated
energy price changes on the firms' plans for scrapping of capital and on
the induced changes in the value of capital. A putty-clay vintage model
with an ex ante CES function and an ARMA price expectation process is used.
The interaction between the ex ante elasticity of substitution, the choice
of technique, and the planned scrapping age is discussed. Empirical illustrations,
based on Norwegian data, indicate that the price changes in the
period 1970-1983 may have substantially affected the planned scrapping age
and the value of the capital. | nb_NO |
| dc.language.iso | eng | nb_NO |
| dc.publisher | Statistisk sentralbyrå | nb_NO |
| dc.relation.ispartofseries | Discussion Papers;No. 16 | |
| dc.title | Energy price changes, and induced scrapping and revaluation of capital a putty clay approach | nb_NO |
| dc.type | Working paper | nb_NO |
| dc.subject.nsi | VDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212 | nb_NO |
| dc.source.pagenumber | 54 s. | nb_NO |
