1. Abel, A. B., and Eberly, J. C., (1996), Optimal investment with costly reversibility, Review of Economic Studies, Vol. 63, pp. 581-593.
10. Cooper, R., Haltiwanger, J., and Power, L., (1999), Machine Replacement and the Business Cycle: Lumps and Bumps American Economic Review, Vol. 89, pp. 921-946.
- 11. Dean, B. V., (1962), Replacement Theory, in R. L. Ackoff (ed.), Progress in Op- erations Research (New York: Wiley and Sons), pp. 330-362.
Paper not yet in RePEc: Add citation now
- 12. Dunne, T., (1994), Plant age and technology use in U. S manufacturing indus- tries, Rand Journal of Economics, Vol. 25, 488-499.
Paper not yet in RePEc: Add citation now
- 13. Eilon, S., King, J. R., and D. E. Hutchinson, (1966), A Study in Equipment Re- placement, Operations Research Quarterly, Vol. 17, 1966, p.p. 59-71.
Paper not yet in RePEc: Add citation now
- 14. Elton, E. L., and Gruber, M. J., (1976) On the optimality of an equal life policy for equipment subject to technological improvement, Operational Research Quarterly, Vol. 27, pp. 93-99. 29
Paper not yet in RePEc: Add citation now
15. Feldstein, M. S., and Foot, D. K., (1971), The Other Hall of Gross Investment: Re- placement and Modernization Expenditures, The Review of Economics and Statistics, Vol. LIII, pp. 49-58.
- 17. Hotelling, H., (1925), A General Mathematical Theory of Depreciation, Journal of the American Statistical Association, Vol. 20, pp. 340-353.
Paper not yet in RePEc: Add citation now
- 18. Jin, D. and Kite-Powell, H., (1999) Optimal fleet utilization and replacement, Transportation Research Part E, Vol. 36, pp. 3-20.
Paper not yet in RePEc: Add citation now
- 19. Jorgenson, D. W., (1963), Capital Theory and Investment Behavior, American Economic Review, Vol. 53, pp. 247-259.
Paper not yet in RePEc: Add citation now
2. Arnott, R., Davidson, R. and Pines, D., (1983),Housing, Quality, Maintenance and Rehabilitation, Review of Economic Studies, Vol. 50, pp. 467-494.
- 20. ----------, (1974), The economic theory of replacement and depreciation, in W. Sellekaerts, (ed.) Essays in Honour of Jan Tinbergen, Economic Theory and Miscellaneous (Amsterdam: North Holland Publishing Company).
Paper not yet in RePEc: Add citation now
- 21. ------, McCall, J. J., and Radner, R., (1967), Optimal Replacement Policy (Am- sterdam: North-Holland Publishing Company).
Paper not yet in RePEc: Add citation now
22. Kamien, M. I., and Schwartz, N. L., (1971), Optimal Maintenance and Sale Age for a Machine Subject to Failure, Management Science, Vol. 17, pp. B495-504.
23. Kydland, F., and Prescott, E., (1982), Time to build and Aggregate Fluctuations, Econometrica, Vol. 50, pp. 1345-70.
- 24. Leonard, D., and Van Long, N., (1992), Optimal Control Theory (London: Cam- bridge University Press.
Paper not yet in RePEc: Add citation now
25. Malcomson, J. M., (1975), Replacement and the Rental Value of Capital Equipment Subject to obsolescence, Journal of Economic Theory, Vol. 10, pp. 24-41.
- 26. Masse, P., (1962), Optimal Investment Decisions (Englewood Cliffs, N. J.: Pren- tice-Hall International).
Paper not yet in RePEc: Add citation now
27. Mauer, C. D., and Ott, S. H., (1995), Investment under Uncertainty: The Case of Replacement Investment decisions Journal of Financial and Quantitative Analysis, Vol. 30, pp. 581-605.
- 28. Naslund, B., (1966), Simultaneous Determination of Optimal Repair Policy and Service Life, Swedish Journal of Economics, Vol. 68, pp. 63-73.
Paper not yet in RePEc: Add citation now
29. Nickell, S., (1975), A Closer Look at Replacement Investment, Journal of Eco- nomic Theory, Vol. 10, pp. 54-88. 30
- 3. Bitros, G. C., (1972), Replacement of the Durable Inputs of Production: A Theoreti- cal and Empirical Investigation, Unpublished Ph.D. dissertation, Graduate School of Arts & Sciences, New York University.
Paper not yet in RePEc: Add citation now
30. OHerlihy, C. St. J., (1965), The Demand for Cars in Great Britain, Applied Statis- tics, Vol. 15, pp.162-195.
- 31. Preinreich, G. A. D., (1940), The Economic Life of Industrial Equipment, Econometrica, Vol. 8, pp. 12-44.
Paper not yet in RePEc: Add citation now
32. Rust, J., (1987), Optimal Replacement of GMC Bus Engines: An Empirical Model Of Harold Zurcher, Econometrica, Vol., 55, pp.999-1033.
- 33. ------, (1983), Stationary Equilibrium in a Market for Durable Assets, Econometrica, pp. 783-805.
Paper not yet in RePEc: Add citation now
34. Rothwell, G., and Rust, J., (1997), On the Optimal Lifetime of Nuclear Power Plants, Journal of Business & Economic Statistics, Vol. 15, pp. 195-208.
- 35. Sandfort, M. T., (1999), Transaction Costs and Stationary Equilibrium in the Mar- kets for New and Used Durable Goods, World Wide Web, Address: Http: //msandfort.economics.smu.edu/papers/txcost.pdf.
Paper not yet in RePEc: Add citation now
- 36. Seierstad, A., and Sydsaeter, K., (1987), Optimal Control Theory (Amsterdam: North-Holland Publishing Company)
Paper not yet in RePEc: Add citation now
- 37. Smith, V. L., (1961), Investment and Production: A Study in the Theory of the Capital-Using Enterprise (Cambridge, Mass: Harvard University Press).
Paper not yet in RePEc: Add citation now
38. Smith, R. P., (1974), A Note on Car Replacement, Review of Economic Studies, Vol. 4, pp. 567-570.
- 39. Taylor, J. S., (1923), A Statistical Theory of Depreciation, Journal of the American Statistical Association, Vol. 18, pp. 1010-1023.
Paper not yet in RePEc: Add citation now
- 40. Terborgh, G., (1949), Dynamic Equipment Policy (New York: McGraw-Hill, 1949).
Paper not yet in RePEc: Add citation now
41. Thompson, G. L., (1968), Optimal Maintenance Policy and Sale date of a Machine, Management Science, Vol. 14, pp. 543-550.
42. Van Halten, O, (1991), The Optimal Lifetime of Capital Equipment, Journal of Eco- nomic Theory, Vol. 55, pp. 449-454.
43. Westin, R. B., (1975), Empirical Implications of Infrequent Purchase Behavior in a Stock-adjustment Model, American Economic Review, Vol. 65, pp. 384-396.
44. Wykoff, F., (1970), Capital Depreciation in the Post-war Period: Automobiles, The Review of Economics and Statistics, Vol. 52, pp. 168-172.
45. --------, (1973), A User Cost Approach to New Automobile Purchases, Review of Economic Studies, Vol. 40, (July 1973), p.p. 377-390.
- 5. ------ and Kelejian, H. H., (1974), On the Variability of the Replacement Invest- ment Capital Stock Ratio: Some Evidence from Capital Scrappage, The Review of Economics and Statistics, Vol. LVI, pp. 270-278.
Paper not yet in RePEc: Add citation now
6. Bond, E. W., (1983), Trade in Used Equipment with Heterogeneous Firms, Jour- nal of Political Economy, Vol. 91, pp.688-705.
7. Caballero, R. J., Engel, E. M. R. A., and Haltiwanger J. C., (1995), Plant level ad- justment and aggregate investment dynamics, Brookings Papers on Eco- nomic Activity, Vol. 2, pp. 1-54.
8. Cooley, T. F., Greenwood, J., and Yorukoglu, M., (1997), The replacement prob- lem, Journal of Monetary Economics, Vol. 40, pp. 487-499.
9. Cooper, R., and Haltiwanger, J., (1993), The Aggregate Implications of Machine Replacement: Theory and Evidence, American Economic Review, Vol. 83, pp. 360-382.