Irreversible Investment and the Expected Capital Stock with Stationary Uncertainty.
The paper analyses irreversible investment under stationary uncertainty in a competitive sector. It is shown that while future uncertainty reduces the desired capital stock, over time the expected actual capital stock is higher under uncertainty with irreversibility.
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| Format: | Journal article |
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1999
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| _version_ | 1797075743134449664 |
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| author | Mash, R |
| author_facet | Mash, R |
| author_sort | Mash, R |
| collection | OXFORD |
| description | The paper analyses irreversible investment under stationary uncertainty in a competitive sector. It is shown that while future uncertainty reduces the desired capital stock, over time the expected actual capital stock is higher under uncertainty with irreversibility. |
| first_indexed | 2024-03-06T23:54:30Z |
| format | Journal article |
| id | oxford-uuid:73bca808-a2b4-4569-9edd-94b638a95e51 |
| institution | University of Oxford |
| last_indexed | 2024-03-06T23:54:30Z |
| publishDate | 1999 |
| record_format | dspace |
| spelling | oxford-uuid:73bca808-a2b4-4569-9edd-94b638a95e512022-03-26T19:58:23ZIrreversible Investment and the Expected Capital Stock with Stationary Uncertainty.Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:73bca808-a2b4-4569-9edd-94b638a95e51Department of Economics - ePrints1999Mash, RThe paper analyses irreversible investment under stationary uncertainty in a competitive sector. It is shown that while future uncertainty reduces the desired capital stock, over time the expected actual capital stock is higher under uncertainty with irreversibility. |
| spellingShingle | Mash, R Irreversible Investment and the Expected Capital Stock with Stationary Uncertainty. |
| title | Irreversible Investment and the Expected Capital Stock with Stationary Uncertainty. |
| title_full | Irreversible Investment and the Expected Capital Stock with Stationary Uncertainty. |
| title_fullStr | Irreversible Investment and the Expected Capital Stock with Stationary Uncertainty. |
| title_full_unstemmed | Irreversible Investment and the Expected Capital Stock with Stationary Uncertainty. |
| title_short | Irreversible Investment and the Expected Capital Stock with Stationary Uncertainty. |
| title_sort | irreversible investment and the expected capital stock with stationary uncertainty |
| work_keys_str_mv | AT mashr irreversibleinvestmentandtheexpectedcapitalstockwithstationaryuncertainty |