A theory of production, investment and disinvestment

Changes in a farm's economic environment often times necessitates changes in the combination of durable assets owned by the firm. A model which links durable asset acquisition and disposal decisions to production decisions is presented. The model allows for variable service extraction rates. The optimal economic lifetime for the durable is also determined internally.

Keywords

Production Economics, Financial Economics

Impact byBIP!

	selected citations These citations are derived from selected sources. This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	0
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Average
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Average
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Average