Optimal capital accumulation under price uncertainty and costly reversibility
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Publication:647668
DOI10.1016/j.jedc.2011.06.006zbMath1282.91170MaRDI QIDQ647668
Publication date: 24 November 2011
Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.jedc.2011.06.006
hysteresis; capital accumulation; price uncertainty; costly reversibility; disinvestment opportunity; expansion options
91B38: Production theory, theory of the firm
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