Productivity and costs for firms in presence of technology renewal processes
Author(s)
Cerqueti, Roy
Rotundo, Giulia
Date Issued
2007
Type
Article
Abstract
Wide empirical analyses investigated the 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 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.
Citation
7. R. Cerqueti, G. Rotundo, “Productivity and costs for firms in presence of technology renewal processes”, International Transactions in Operational Research (ISSN 1475-3995) 14 6 (2007) 521-534
Subjects
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