Intertemporal Cost Allocation and Investment Decisions

This paper considers the profit‐maximization problem of a firm that must make sunk investments in long‐lived assets to produce output. It is shown that if per‐period accounting income is calculated using a simple and natural allocation rule for investment, called the relative replacement cost (RRC)...

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Veröffentlicht in:	The Journal of political economy 2008-10, Vol.116 (5), p.931-950
1. Verfasser:	Rogerson, William P.
Format:	Artikel
Sprache:	eng
Schlagworte:	Business investment Business studies Capital costs Capital investments Capital stocks Cost accounting Cost allocation Cost function Decision making Depreciation Economic theory Financial investments Financial management Industrial organization Investment decision Investment decisions Investment strategies Political economy Profit maximization Replacement costs Studies User costs
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