Abel and Eberly (1999) prove that uncertainty has an ambiguous effect on long run capital accumulation in a real options model. We show that, with adjustment costs quadratic in investment, more uncertainty reduces capital and this effect may be large
This paper studies the long and short run macroeconomic consequences of irreversible invest-ment at ...
This paper shows that with (partial) irreversibility higher uncertainty reduces the "responsiveness ...
The relationship between price uncertainty and specific investment is examined in a dynamic model th...
Abel and Eberly (1999) prove that uncertainty has an ambiguous effect on long run capital ac...
bel and Eberly (1999) show that the effect of uncertainty on long run capital accumulation is ambigu...
This thesis contributes to the empirical literature about how uncertainty affects firm-level investm...
This paper uses unique survey-based data that record the extent of positive and negative disequibriu...
This paper shows that, in the presence of relational contracts, an increase in uncertainty with no c...
We derive robust predictions on the effects of uncertainty on short-run investment dynamics in a bro...
Irreversibility and uncertainty increase the user cost of capital which tends to reduce the capital ...
This paper examines the effect of uncertainty on investment timing in a canonical real options model...
In this paper, we examine the relationship between investment and uncertainty by investigating not o...
This paper estimates the responsiveness of irreversible investment to uncertainty using financial da...
This paper shows that with (partial) irreversibility higher uncertainty reduces the responsiveness o...
This paper shows that with (partial) irreversibility higher uncertainty reduces the responsiveness o...
This paper studies the long and short run macroeconomic consequences of irreversible invest-ment at ...
This paper shows that with (partial) irreversibility higher uncertainty reduces the "responsiveness ...
The relationship between price uncertainty and specific investment is examined in a dynamic model th...
Abel and Eberly (1999) prove that uncertainty has an ambiguous effect on long run capital ac...
bel and Eberly (1999) show that the effect of uncertainty on long run capital accumulation is ambigu...
This thesis contributes to the empirical literature about how uncertainty affects firm-level investm...
This paper uses unique survey-based data that record the extent of positive and negative disequibriu...
This paper shows that, in the presence of relational contracts, an increase in uncertainty with no c...
We derive robust predictions on the effects of uncertainty on short-run investment dynamics in a bro...
Irreversibility and uncertainty increase the user cost of capital which tends to reduce the capital ...
This paper examines the effect of uncertainty on investment timing in a canonical real options model...
In this paper, we examine the relationship between investment and uncertainty by investigating not o...
This paper estimates the responsiveness of irreversible investment to uncertainty using financial da...
This paper shows that with (partial) irreversibility higher uncertainty reduces the responsiveness o...
This paper shows that with (partial) irreversibility higher uncertainty reduces the responsiveness o...
This paper studies the long and short run macroeconomic consequences of irreversible invest-ment at ...
This paper shows that with (partial) irreversibility higher uncertainty reduces the "responsiveness ...
The relationship between price uncertainty and specific investment is examined in a dynamic model th...