On Adjustment Costs, Profit Uncertainty and Investment Behavior
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Publication:3200860
DOI10.1080/01966324.1987.10737220zbMath0714.90027WikidataQ58282913 ScholiaQ58282913MaRDI QIDQ3200860
Kevin J. Hastings, Sjur Didrik Flåm
Publication date: 1987
Published in: American Journal of Mathematical and Management Sciences (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1080/01966324.1987.10737220
stochastic process; Cobb-Douglas production function; optimal investment; continuous-time; convex marginal adjustment cost; trend-corrected jump process; trendless diffusion
91B38: Production theory, theory of the firm
91B62: Economic growth models
91B82: Statistical methods; economic indices and measures
60K10: Applications of renewal theory (reliability, demand theory, etc.)
Cites Work