Productivity and costs for firms in presence of technology renewal processes

Productivity and costs for firms in presence of technology renewal processes

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Article ID: iaor20083160
Country: United Kingdom
Volume: 14
Issue: 6
Start Page Number: 521
End Page Number: 534
Publication Date: Nov 2007
Journal: International Transactions in Operational Research
Authors: ,
Keywords: performance
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.

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