Goel, Rajeev K; Ram, Rati - In: Australian Economic Papers 38 (1999) 4, pp. 481-92
Several recent studies, including those by Pindyck (1991), Pindyck and Solimano (1993), Dixit and Pindyck (1994), Episcopos (1995), and Abel et al. (1996), suggest an important linkage between the effect of uncertainty on investment and the irreversibility of the latter. This paper broadly...
