Re: [OPE] FW: Linear transformation between equilibrium prices and lab our values

Date: Tue Dec 14 2010 - 14:36:33 EST

> In the real world you are of course correct, but since Ian is constructing a
> model, he could in principle construct one in which technology did not
> change, but there were a plethora of different capital goods of different
> ages and different depreciation rates.
Hi Paul C:
Well, in that case, it could only be a model in which there was physical, but
not moral, depreciation.
In solidarity, Jerry

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Received on Tue Dec 14 14:37:57 2010

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