Titlebook: Dynamic Policies of the Firm; An Optimal Control A Onno Hilten,Peter M. Kort,Paul J. J. M. Loon Book 1993 Springer-Verlag Berlin Heidelberg

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Production and Investment With Technological Progress supply side: due to an exogeneously given technological progress, the production function of the firm shifts over time. The model to be presented partly builds on the model of Nickell in Section 3.8 and partly on the model of Chapter 4

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Epiloguefacilitate expansion and how unit costs, prices of capital goods and investment grants influence depth investment decisions. We analysed optimal investment decisions reckoning with taxation and environmental pollution, with business cycles and with technological progress.

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