Di Corato, Luca; Moretto, Michele; Vergalli, Sergio - 2013
In the literature investigating the impact of uncertainty on short-run and long-run investment, most authors have used … general ones and has the advantage of providing closed form solutions for both short-run investment rule and long-run rate of … capital accumulation. In this paper, we consider a firm facing a linear demand function with additive shocks and present a …