TWO ALTERNATIVE MODELS FOR EXPLAINING CAPITAL ACCUMULATION

Date

1989

Author

FİSUNOĞLU, H. Mahir

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Two models are diccussed in this paper. In Model I, it is assumed that if prices become attractive, users of capital goods may want to empioy more capital. An increase in the price of capi- tal goods will be the result, and the production of capital goods wll increase. On the other hand, Model II is buiît on the assump- tion that the users and producers of capital goods determine the amountof machinesthat will be produced and the time of delivery through bargaining. Effects of a change in the rate of interest and the price expectation about the future have been studied on both models.

URI

https://hdl.handle.net/11511/110810

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Department of Economics, Article