Abstract

http://ssrn.com/abstract=1419090
 
 

References (36)



 


 



Uses and Abuses of User Cost: Jorgenson Capital Gain Confusion


Hak Choi


Chienkuo Technology University - Department of International Business; Chung-Hua Institution for Economic Research

June 1, 2009


Abstract:     
User cost has been widely misunderstood in the Economics literature. This paper reveals a mathematical mistake in Jorgenson’s derivation of user cost. It then proves that Keynes’ original intention of introducing this concept is to bring up the correct measures of income and profit. The correct user cost concept thus provides more exact considerations for investment decisions.

Number of Pages in PDF File: 17

Keywords: User cost, Investment decision, Profit, Income

JEL Classification: D24, E60

working papers series





Download This Paper

Date posted: June 17, 2009 ; Last revised: May 19, 2014

Suggested Citation

Choi, Hak, Uses and Abuses of User Cost: Jorgenson Capital Gain Confusion (June 1, 2009). Available at SSRN: http://ssrn.com/abstract=1419090 or http://dx.doi.org/10.2139/ssrn.1419090

Contact Information

Hak Choi (Contact Author)
Chienkuo Technology University - Department of International Business ( email )
No.1, Chiehsou N. Road
Changhua City, 500
Taiwan
+886 91 901-4618 (Phone)
HOME PAGE: http://www.ProfitableEconomics.com
Chung-Hua Institution for Economic Research ( email )
75, Changhsin St.
Taipei
Taiwan
Feedback to SSRN


Paper statistics
Abstract Views: 328
Downloads: 78
Download Rank: 191,153
References:  36

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo2 in 0.313 seconds