Journal article
Irreversible Investment and the Expected Capital Stock with Stationary Uncertainty.
- Abstract:
- 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.
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Bibliographic Details
- Journal:
- Economics Letters More from this journal
- Volume:
- 64
- Publication date:
- 1999-01-01
- ISSN:
-
0165-1765
Item Description
- UUID:
-
uuid:73bca808-a2b4-4569-9edd-94b638a95e51
- Local pid:
-
oai:economics.ouls.ox.ac.uk:14166
- Deposit date:
-
2011-08-16
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- Copyright date:
- 1999
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