Pastor-Agustin, Gema; Ramirez-Aleson, Marisa; … - In: International Journal of Economics and Business Research 2 (2010) 5, pp. 352-368
In the q theory approach, the firm faces convex costs of adjustment and equals the marginal valuation of a unit of capital, with the marginal cost of investment. In the irreversible investment literature, the firm must consider future opportunities and costs because capital expenditures are at...