9781330666609 - Rates of Return and Capital Aggregation, Using Alternative Rental Prices (Classic Reprint) de Harper, Michael J. (3 resultados)

PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condición: New. Print on Demand. This book explores various methods to measure and value the input prices of capital in the context of multifactor productivity (MFP) measurement, a subject of crucial importance to economic theorists. Traditionally, capital input has been measured using its purchase price, a method which neglects depreciation and capital gains. The author shows how the expected rate of return and expected capital gains can be used as components in the rental price formula for capital assets to provide a more comprehensive measure of capital value over time. The author argues that correcting these historical shortcomings is crucial to understanding and measuring the complex dynamics of capital investment and productivity growth. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.