An Exact Soultion for the Investment and Market Value of a Firm Facing Uncertainty, Adjustment Costs, and Irreversibility
收藏NBER1993-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4412
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资源简介：
This paper derives closed-form solutions for the investment and market value, under uncertainty, of competitive firms with constant returns to scale production and convex costs of adjustment. Solutions are derived for the case of irreversible investment as well as for reversible investment. Optimal
提供机构：
美国国家经济研究局
创建时间：
1993-07-01
