Irreversibility and Aggregate Investment
收藏NBER1991-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w3865
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资源简介：
Investment is often irreversible, in that installed capital has little or no value unless used in production. In the presence of ongoing uncertainty, an individual firm's irreversible investment policy optimally alternates short bursts of positive gross investment to periods of inaction, when the
提供机构：
美国国家经济研究局创建时间：
1991-10-01
