Expandability, Reversibility, and Optimal Capacity Choice
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We develop continuous-time models of capacity choice when demand fluctuates stochastically, and the firm's opportunities to expand or contract are limited. Specifically consider costs of investing or disinvesting that vary with time, or with the amount of capacity already installed. The firm's
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美国国家经济研究局创建时间：
1998-01-01
