title

'A Micro-Econometric Model of Capital Utilization and Retirement: The Case of the U.S. Cement Industry'

author

'Sanghamitra Das'

url

'http://www.jstor.org/stable/2297955'

abstract

'The paper presents a micro-econometric model of capital utilization and retirement. Estimates of a firm's discrete decision problem with regard to an existing piece of capital-whether to operate, hold idle or retire it-are obtained, in the context of the U.S. cement industry, by solving a discrete-choice stochastic dynamic programming model. The estimates are then used to simulate the effects of product and input price changes, and changes in the size and age of a cement kiln on a firm's propensity to operate, hold idle and retire a kiln.'

journal

'The Review of Economic Studies'

year

'1992'

Undefined

'00346527, 1467937X'

'2'

'277--297'

'[Oxford University Press, Review of Economic Studies, Ltd.]'

'59'