Arbeitspapier
Maintenance Costs, Obsolescence, and Endogenous Growth
We analyze the impact of obsolescence of economic inventions by incorporating maintenance costsin the endogenous growth model of expanding product varieties. This contrasts with the existingliterature, which ignores maintenance costs and uses the model of quality improvements todescribe obsolescence. If the maintenance costs become too high, the operating profits becomenegative and the firm stops producing the variety. This diminishes the life span of innovations,thus reducing the return on investment in research and development and the growth rate of theeconomy.
- Sprache
-
Englisch
- Erschienen in
-
Series: Tinbergen Institute Discussion Paper ; No. 01-060/2
- Klassifikation
-
Wirtschaft
Economic Growth of Open Economies
Innovation and Invention: Processes and Incentives
Technological Change: Choices and Consequences; Diffusion Processes
One, Two, and Multisector Growth Models
- Thema
-
endogenous growth
obsolescence
maintenance
innovation
variety
Instandhaltung
Kosten
Innovation
Lebenszyklus
Neue Wachstumstheorie
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Berden, Koen G.
van Marrewijk, Charles
- Ereignis
-
Veröffentlichung
- (wer)
-
Tinbergen Institute
- (wo)
-
Amsterdam and Rotterdam
- (wann)
-
2001
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Berden, Koen G.
- van Marrewijk, Charles
- Tinbergen Institute
Entstanden
- 2001
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