Caballero, Ricardo J. - In: Handbook of macroeconomics : volume 1, part B, (pp. 813-862). 1999
investment behavior. New theories, better econometric procedures, and more detailed panel data sets are behind this movement … general equilibrium aspects of the investment problem also has been significant. The concept of sunk costs is at the center of … modern theories. The implications of these costs for investment go well beyond the neoclassical response to the irreversible …
