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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w30376 |
来源ID | Working Paper 30376 |
A Model of Intangible Capital | |
Nicolas Crouzet; Janice C. Eberly; Andrea L. Eisfeldt; Dimitris Papanikolaou | |
发表日期 | 2022-08-22 |
出版年 | 2022 |
语种 | 英语 |
摘要 | We propose a model that starts from the premise that intangible capital needs to be stored on some medium --- software, patents, essential employees --- before it can be utilized in production. Storage implies that intangible capital may be partially non-rival within the firm, leading to scale economies. However, storage can also compromise the ability of the firm to fully appropriate the returns generated by intangibles. We explore the implications of these two mechanisms for firm scale, scope, and investment decisions, and we outline their connection to recent macroeconomic and financial trends in the US. |
主题 | Macroeconomics ; Consumption and Investment ; Financial Economics ; Portfolio Selection and Asset Pricing ; Corporate Finance ; Development and Growth ; Innovation and R& ; D |
URL | https://www.nber.org/papers/w30376 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/588048 |
推荐引用方式 GB/T 7714 | Nicolas Crouzet,Janice C. Eberly,Andrea L. Eisfeldt,et al. A Model of Intangible Capital. 2022. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w30376.pdf(456KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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