Irreversible investment with uncertainty and scale economies

DOI10.1016/0165-1889(93)00784-2zbMath0875.90111MaRDI QIDQ1349601

Avinash Dixit

Publication date: 27 February 1997

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://eprints.lse.ac.uk/19372/1/Irreversible_Investment_with_Uncertainty_and_Scale_Economies.pdf

zbMATH Keywords

Uncertainty; Investment; Scale economies

Mathematics Subject Classification ID

91B62: Economic growth models

Related Items

A GAME MODEL OF IRREVERSIBLE INVESTMENT UNDER UNCERTAINTY, Optimal environment management in the presence of irreversibilities, Factor price uncertainty, technology choice and investment delay, Investment and capacity choice under uncertain demand, Timing of investments in oligopoly under uncertainty: a framework for numerical analysis, Irreversible investment under uncertainty and the threat of bankruptcy, Wireless network capacity management: a real options approach

Cites Work

• Irreversible investment
• Instantaneous Control of Brownian Motion
• Impulse Control of Brownian Motion
• Capacity Expansion and Probabilistic Growth
• Investment and the Valuation of Firms When There is an Option to Shut Down
• Optimal Growth with a Convex-Concave Production Function
• Optimal Growth with Scale Economies in the Creation of Overhead Capital
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