haku: @indexterm cement industry / yhteensä: 29
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| Tekijä: | Das, S. |
| Otsikko: | A micro-econometric model of capital utilization and retirement: the case of the US cement industry |
| Lehti: | Review of Economic Studies
1992 : APR, VOL. 59(2):199, p.277-297 |
| Asiasana: | ECONOMETRIC MODELS CAPITAL UTILIZATION RETIREMENT USA CEMENT INDUSTRY STOCHASTIC PROCESSES DYNAMIC PROGRAMMING |
| Kieli: | eng |
| Tiivistelmä: | A micro-econometric model of capital utilization and retirement is presented. Estimated of a firm's discrete decision problem with regard to an existing piece of capital - whether to operative, hold idle or retire it - are obtained, in the context of the cement industry in the USA, by solving a discrete-choice stochastic dynamic programming model. The estimates are then used to simulate the effects of product and input price changes, and changes in the size and age of a cement kiln on a firm's propensity to operate, hold idle and retire a kiln. |
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