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A Unified Model of Investment Under Uncertainty

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NBER1993-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4296
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This paper extends the theory of investment under uncertainty to incorporate fixed costs of investment, a wedge between the purchase price and sale price of capital, and potential irreversibility of investment. In this extended framework, investment is a non-decreasing function of q, the shadow
创建时间:
1993-03-01
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