Investment under Uncertainity, Irreversibility and the Arrival of Information over Time
A risk-neutral competitive firm which is uncertain about the true state of demand is considered. The effects of the irreversibility of investment in physical capital combined with such uncertainity are examined.
Gespeichert in:
| Veröffentlicht in: | The Review of economic studies 1991-04, Vol.58 (194), p.333 |
|---|---|
| 1. Verfasser: | |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| Zusammenfassung: | A risk-neutral competitive firm which is uncertain about the true state of demand is considered. The effects of the irreversibility of investment in physical capital combined with such uncertainity are examined. |
|---|---|
| ISSN: | 0034-6527 1467-937X |