Inflation, Discrete Replacement and the Choice of Asset Lives (Classic Reprint) - Tapa dura

Sinopsis

Excerpt from Inflation, Discrete Replacement and the Choice of Asset Lives

When a firm considers acquiring an asset to accomplish some task, it usually has the choice of several different technologies. We focus on the choice between alternative technologies which are identical except for their purchase prices and useful lives. We assume the firm takes product prices.

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