Optimal Investment with Costly Reversibility
收藏NBER1995-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5091
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资源简介：
Investment is characterized by costly reversibility when a firm can purchase capital at a given price and sell capital at a lower price. We derive an explicit analytic solution for optimal investment by a firm facing costly reversibility. In addition, we derive a local approximation to the solution
提供机构：
美国国家经济研究局
创建时间：
1995-04-01
