Altuğ, Sumru; Demers, Fanny Saul; Demers, Michel - In: CESifo economic studies : CESifo, a joint initiative of … 53 (2007) 3, pp. 430-465
The objective of this article is two-fold. First, we develop a theoretical model to investigate the impact of political risk on irreversible investment. Second, we apply our model to an analysis of the effects of risk of separation of the province of Quebec from the Canadian federation. We model...
