𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Pension Reform, Capital Markets and the Rate of Return

✍ Scribed by Axel Börsch-Supan; Florian Heiss; Alexander Ludwig; Joachim Winter


Book ID
108561069
Publisher
John Wiley and Sons
Year
2003
Tongue
English
Weight
234 KB
Volume
4
Category
Article
ISSN
1465-6485

No coin nor oath required. For personal study only.


📜 SIMILAR VOLUMES


Pension Reform in Europe
✍ Didier Blanchet, INSEE, Paris, France. The views expressed are those of the auth 📂 Article 📅 2005 🏛 Springer-Verlag 🌐 English ⚖ 247 KB
Capital waste in the rate-of-return regu
✍ Roger Sherman 📂 Article 📅 1992 🏛 Springer US 🌐 English ⚖ 486 KB

Here it is shown how capital waste can be motivated under rate-of-return regulation, even when the marginal product of capital is positive. This result means that the sign of the marginal product of capital is not adequate as a basis for defining waste. The wasteful use of capital is motivated to av