Irreversible investment and the expected capital stock with stationary uncertainty

被引：1
|
作者：
Mash, R [1 ]
机构：
[1] Univ Oxford, Ctr Study African Econ, Oxford OX2 6JF, England
[2] Univ Oxford, St Anthonys Coll, Oxford OX2 6JF, England
来源：
ECONOMICS LETTERS | 1999年 / 64卷 / 02期
关键词：
investment; irreversibility;
D O I：
10.1016/S0165-1765(99)00086-5
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The paper analyses irreversible investment under stationary uncertainty in a competitive sector. It is shown that while future uncertainty reduces the desired capital stock, over time the expected actual capital stock is higher under uncertainty with irreversibility. (C) 1999 Elsevier Science S.A. All rights reserved.
引用
收藏
页码：193 / 196
页数：4
相关论文
共 50 条
12345