Add to ORKGThe 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
When firms decide about irreversible investment, they may not have perfect confidence about their pe...
This paper estimates the responsiveness of irreversible investment to uncertainty using financial da...
This paper derives closed-form solutions for the investment and value of a competitive firm with a c...
The paper analyses irreversible investment under stationary uncertainty in a competitive sector. It ...
In this paper, we consider a risk-neutral competitive firm which is uncertain about the true state o...
This paper develops a model for optimal capital investment in continuous time when both existing and...
Recent theoretical developments relating to investment under uncertainty have highlighted the import...
This paper studies the long and short run macroeconomic consequences of irreversible invest-ment at ...
Recent theoretical developments relating to investment under uncertainty have highlighted the import...
This paper clarifies how uncertainty affects irreversible investment in a competitive market equilib...
When investment is irreversible and future profits are uncertain, there may be a value of waiting be...
This paper contributes to the existing literature by showing that uncertainty produces a non-uniform...
We derive robust predictions on the effects of uncertainty on short-run investment dynamics in a bro...
The present paper examines the robustness of the result derived in the canonical model of investment...
This paper studies the aggregate implications of microeconomic investment irreversibility and idiosy...
When firms decide about irreversible investment, they may not have perfect confidence about their pe...
This paper estimates the responsiveness of irreversible investment to uncertainty using financial da...
This paper derives closed-form solutions for the investment and value of a competitive firm with a c...
The paper analyses irreversible investment under stationary uncertainty in a competitive sector. It ...
In this paper, we consider a risk-neutral competitive firm which is uncertain about the true state o...
This paper develops a model for optimal capital investment in continuous time when both existing and...
Recent theoretical developments relating to investment under uncertainty have highlighted the import...
This paper studies the long and short run macroeconomic consequences of irreversible invest-ment at ...
Recent theoretical developments relating to investment under uncertainty have highlighted the import...
This paper clarifies how uncertainty affects irreversible investment in a competitive market equilib...
When investment is irreversible and future profits are uncertain, there may be a value of waiting be...
This paper contributes to the existing literature by showing that uncertainty produces a non-uniform...
We derive robust predictions on the effects of uncertainty on short-run investment dynamics in a bro...
The present paper examines the robustness of the result derived in the canonical model of investment...
This paper studies the aggregate implications of microeconomic investment irreversibility and idiosy...
When firms decide about irreversible investment, they may not have perfect confidence about their pe...
This paper estimates the responsiveness of irreversible investment to uncertainty using financial da...
This paper derives closed-form solutions for the investment and value of a competitive firm with a c...