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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Bibliográfalaš dieđut
Váldodahkki: Pindyck, Robert S.
Materiálatiipa: Working Paper
Almmustuhtton: MIT Center for Energy and Environmental Policy Research 2009