Irreversibility, Uncertainty, and Cyclical Investment
收藏NBER1980-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w0502
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The optimal timing of real investment is studied under the assumptions that investment is irreversible and that new information about returns is arriving over time. Investment should be undertaken in this case only when the costs of deferring the project exceed the expected value of information
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美国国家经济研究局创建时间：
1980-07-01
