Showing 1 - 10 of 18,398
Persistent link: https://www.econbiz.de/10000872408
Persistent link: https://www.econbiz.de/10001250188
This paper derives closed-form solutions for the investment and market value, under uncertainty, of competitive firms … irreversible investment as well as for reversible investment. Optimal investment is a non-decreasing function of q, the shadow … value of capital. The conditions of optimality imply that q cannot contain a bubble; thus, optimal investment depends only …
Persistent link: https://www.econbiz.de/10012474539
Persistent link: https://www.econbiz.de/10003527420
Persistent link: https://www.econbiz.de/10009750739
Persistent link: https://www.econbiz.de/10010482986
Persistent link: https://www.econbiz.de/10014527009
Persistent link: https://www.econbiz.de/10013342062
Persistent link: https://www.econbiz.de/10009722230
Persistent link: https://www.econbiz.de/10002255172