Irreversible Investment, Capital Costs and Productivity Growth: Implications for Telecommunications
收藏NBER2007-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w13269
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资源简介：
This paper develops a model incorporating costly disinvestment and estimates the associated commitment premium required to invest in telecommunications. Results indicate that the irreversibility premium raises the opportunity cost of capital by 70 percent. This implies an average annual hurdle rate
提供机构：
美国国家经济研究局
创建时间：
2007-07-01
