Irreversibility and the explanation of investment behavior
The explanation of aggregate and sectoral investment behavior has been one of the less successful endeavors in empirical economics. Existing econometric models have had little success in explaining or predicting investment spending. This may be because most such models fail to account for the irreve...
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| Materiálatiipa: | Working Paper |
| Almmustuhtton: |
MIT Center for Energy and Environmental Policy Research
2009
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