[OPE-L:4029] Re: More Depreciation Questions

Chai-on Lee (conlee@chonnam.chonnam.ac.kr)
Tue, 21 Jan 1997 17:45:03 -0800 (PST)

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Ian wrote in [4024]:

>3) One consequence of capital not being employed in general for its
>economically optimal lifetime is that the Okishio theorm does not extend to
>systems with fixed capital (it would if competition did enforce
>economically optimal use of fixed capital)


Could you specify the above remark more in detail? For me, I failed to
understand it.


Chai-on Lee
Faculty of Economics,
Chonnam National University,
Kwang-Ju, 500-757,
S Korea
Tel: +82-62-520 7329
Fax: +82-62-529 0446
E-m: conlee@chonnam.chonnam.ac.kr