0 the buildings and machines owned by a business or other organization
The consensus among respondents in the entire sample with respect to the meaning of their capital assets was high.
Finally, wealth or capital assets should be taken into account.
Agents form forecasts of the rate of return to capital assets using least-squares autoregressions on past data.
Firms were asked to make an assessment of the value of their capital assets at 1996 prices.
Talk of capital assets makes one think of the ownership of those assets, and thence to the rights to those assets.
Here, an economy's 'wealth' is interpreted as the accounting value of all its capital assets, and wealth comparisons are made at constant prices.
They measure social scarcities of the economy's capital assets along the economic forecast.
Note that the summation in equation (28) does not imply any assumptions regarding substitution possibilities among the three kinds of capital assets.
