constrained firms likely to face irreversibility constraints exhibit low and insignificant sensitivities of investment to cash …, controlling for investment irreversibility may matter for the interpretation of these sensitivities. …

an element of irreversibility into the problem, and the fact that decision makers in the future are likely to have better … emissions of greenhouse gases. A number of economists have argued that the literature on the "irreversibility effect", based on … towards climate change. <P>  However, Epstein (1980) showed that the analysis of the irreversibility effect by Arrow and …

irreversibility of human capital, physical capital and technology with idiosyncratic productivity shocks. Irreversibilities and …

This paper presents an analytically tractable continuous-time general equilibrium model with investment irreversibility …