Browsing The Economic and Social Review, Vol. 02, No. 2, 1971 by Subject "Profit Maximising"
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Note on discount rates and present values
(Economic & Social StudiesDUBLIN, 1971)It is a long-established proposition that, under profit maximising conditions, the interest elasticity of investment will vary positively with the length of life of projects. Thus, Shackle ( i , Chap. XI) proves that the ...