A Markup Interpretation of Optimal Rules for Irreversible Investment
收藏NBER1997-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5971
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资源简介：
We re-examine the basic investment problem of deciding when to incur a sunk cost to obtain a stochastically fluctuating benefit. The optimal investment rule satisfies a trade-off between a larger versus a later net benefit; we show that this trade-off is closely analogous to the standard trade-off
提供机构：
美国国家经济研究局
创建时间：
1997-03-01
