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Some Unneoclassical Results in Neoclassical Investment Theory.

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Abstract

This article builds on the investment models in the classic books by Erich Schneider_(1944) and by Friedrich and Vera Lutz_(1951). However, the author con centrates on a higher degree of endogenity by postulating that the investor simultaneously determines the three dimensions: scale_(number of machines), durability, or maturation time, and invested amount. This is decisive, and makes it possible to get untraditional comparative statics results in some cases. Copyright 1986 by Blackwell Publishers Ltd/University of Adelaide and Flinders University of South Australia

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