Productivity and costs for firms in presence of technology renewal processes
Cerqueti, R and Rotundo, G (2007). Productivity and costs for firms in presence of technology renewal processes. International Transactions in Operational Research. 14 (6), pp. 521-534.
|Authors||Cerqueti, R and Rotundo, G|
Wide empirical analyses investigated size and growth rate distribution of business firms, providing a relevant empirical support to economic theory. We rely on such analyses and on studies on technology renewal costs and productivity, in order to draw sufficient conditions for the optimality of firms’ profit with respect to the time. The relationships that hold among productivity, costs of renewal and growth rates of the companies at the optimal profit time are shown and suggestions for firms’ policies are proposed.
|Keywords||Optimal profit model; Technological renewal; Aggregate productivity; Firm growth rate; Firm size|
|Journal||International Transactions in Operational Research|
|Journal citation||14 (6), pp. 521-534|
|Digital Object Identifier (DOI)||doi:10.1111/j.1475-3995.2007.00611.x|
|Publication process dates|
|Accepted||18 Jun 2007|
|Deposited||01 Apr 2020|
|Accepted author manuscript|
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