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I am grateful to Jan Herin, Karl G. Jungenfelt, Stephen F. LeRoy, Assar Lindbeck, Karl Göran Mäler, Lars Svensson and Staffan Viotti for constructive criticism on earlier versions of this survey. Economic support from Bankforskningsinstitutet and Sparbankernas Forskningsstiftelse is gratefully acknowledged. The paper was redrafted while the author was enjoying the hospitality of the International Finance Division of the Federal Reserve Board.
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Söderström, H.T. Production and investment under costs of adjustment a survey. Zeitschr. f. Nationalökonomie 36, 369–388 (1976). https://doi.org/10.1007/BF01287519
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DOI: https://doi.org/10.1007/BF01287519