Aggregate investment in a business cycle model with adjustment costs
Article Abstract:
Aggregate investments by individual firms do not generate an upward slopping of supply curve of capital goods. Non-residential investments are negatively correlated with the price of industrial goods, depending on the fluctuations demand. The price of new capital results in a general equilibrium model, the small effect of the rental price, and the productivity shocks are discussed.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 1997
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On the investment-uncertainty relationship in a real options model
Article Abstract:
The assumption that uncertainty should have a negative impact on investment is found not to be the case, since some circumstances are associated with an increased likelihood of investment.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2000
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The effect of mean reversion on investment under uncertainty
Article Abstract:
The evaluation of an investment model is provided.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2003
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