The effects of irreversibility and uncertainty on capital accumulation
Article Abstract:
The economics of capital accumulation in relation to uncertainty and irreversibility are analyzed. The hangover effect and the user cost of capital are emphasized. Firms apply a higher user cost of capital to investment decisions when investment is irreversible.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Unemployment insurance and capital accumulation
Article Abstract:
A model economy is analyzed with its components of production, search and unemployment insurance. It is observed that activities decrease because of unemployment insurance and if the welfare gains are removed only very poor and unemployed are likely to suffer.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
Risk sharing across generations without publicly owned equities
Article Abstract:
Risk sharing strategies and investing options for the United States Social Security Trust Fund are presented.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2006
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Welfare effects of strategic price setting in anticipation of price regulation. Welfare and monetary precommitment in an economy with menu costs and unionized wage setting
- Abstracts: Investment irreversibility and finance constraints. Factor price uncertainty, technology choice and investment delay
- Abstracts: Corporate lobbying and commitment failure in capital taxation. Policy gambles
- Abstracts: The timing and value of forecast and recommendation revisions. Value creation and corporate diversification: the case of Sears, Roebuck and Co
- Abstracts: Business portfolio restructuring, prior diversification posture and investor reactions. Competing in groups