The Effects of Irreversibility and Uncertainty on Capital Accumulation
收藏NBER1995-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5363
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资源简介：
When investment decisions cannot be reversed and returns to capital are uncertain, the firm faces a higher user cost of capital than if it could reverse its decisions. This higher user cost tends to reduce the firm's capital stock. Opposing this effect is the irreversibility constraint itself: when
提供机构：
美国国家经济研究局
创建时间：
1995-11-01
