, we introduce Hausdorff-continuous viscosity solutions to the portfolio model. …

to think about ways to mitigate risk through the use of real options, an options portfolio, and organizational structure …

invested in a risk-free and a risky asset. It turns out that recognition of the risky investment alternative invalidates the … in the harvest volume on the variance of the second-period wealth, evaluated at the optimal harvest-investment decision …

significant impact. Finally, either regulatory instrument may induce the highest technology investment levels. …

This paper investigates the relationship between infation uncertainty and investment using a panel of loan-level data … investment. Moreover, there is a shift in the composition of investment away from fixed assets and towards working capital - the … more flexible factor of production - and fixed asset investment exhibits periods of inaction consistent with real option …

and improved water quality. Policy objectives may include incentives for investment in efficient irrigation technologies …. However, the presence of large, sunk investment and the uncertainty of future returns will have an impact on the efficiency of … Murrumbidgee Irrigation Area is used to quantify the effect of sunk investment cost and uncertainty of future returns on the …

investment. Uncertainty increases real option values making firms more cautious when investing or disinvesting. This is confirmed … both numerically for a model with a rich mix of adjustment costs, time-varying uncertainty, and aggregation over investment … investment response to demand shocks. This implies the responsiveness of firms to any given policy stimulus may be much lower in …

The downturn in fixed investment among advanced economies from the onset of the global crisis was unusually severe …, widespread and long-lasting relative to comparable episodes in the past. As a result, investment gaps are large in many countries … points of GDP or more in several countries. A significant proportion of this investment shortfall is attributable to soft …