You can’t take it with you: Asset run-down at the end of the life cycle
Kate Anderson, Eric French, Tina Lam
There are several econometric problems with the existing evidence on asset run-down. We discuss these problems, as well as our approach to overcoming them. We find that whereas the usual approach for documenting asset run-down at the end of the life cycle shows some evidence of run-down, correcting for some important econometric problems removes almost all traces of asset run-down.
