A Quantile Model of Firm Investment
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下载链接：
https://www.nber.org/papers/w32498
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资源简介：
We develop a dynamic model of firm investment under uncertainty that captures firms risk attitude using quantile preferences. The firm maximizes its present value, defined as current profits and investment plus the discounted value of the -quantile of its value next period. In our framework, (0, 1
提供机构：
美国国家经济研究局
创建时间：
2024-05-01
