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A generalized neoclassical model of firm financing and investment. (Research Notes).

Publication: International Advances in Economic Research
Publication Date: 01-MAY-02
Format: Online - approximately 215 words
Delivery: Immediate Online Access

Article Excerpt
This study presents a model that extends Jorgenson's neoclassical model of investment. The firm is assumed to maximize stockholder wealth subject to constraints on the amount of output obtainable from its labor and capital services, the flow of capital services from the firm's capital, and the amount of borrowing...

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