Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S,s) Approach
收藏NBER1994-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4887
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资源简介：
In this paper we derive a model of aggregate investment that builds from the lumpy microeconomic behavior of firms facing stochastic fixed adjustment costs. Instead of the standard (S,s) bands, firms' optimal adjustment policies are probabilistic, with a probability of adjusting (adjustment hazard)
提供机构：
美国国家经济研究局
创建时间：
1994-10-01
