Irreversibility, uncertainty and growth

DOI10.1016/J.JEDC.2003.04.006zbMATH Open1200.91176OpenAlexW2061486729MaRDI QIDQ953677FDOQ953677

Authors: Stéphanie Jamet 

Publication date: 6 November 2008

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2003.04.006

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zbMATH Keywords

heterogeneous agentsirreversible investmentGibrat's lawidiosyncratic uncertainty

Mathematics Subject Classification ID

Dynamic stochastic general equilibrium theory (91B51) Heterogeneous agent models (91B69)

Cites Work

• Uncertainty, Investment, and Industry Evolution
• Title not available (Why is that?)
• The law of large numbers with a continuum of i.i.d. random variables
• Firing Costs and Labour Demand: How Bad is Eurosclerosis?
• Entry, Exit, and firm Dynamics in Long Run Equilibrium
• An expository note on individual risk without aggregate uncertainty
• Markov-Perfect Industry Dynamics: A Framework for Empirical Work
• Endogenous vs exogenously driven fluctuations in vintage capital models
• Irreversibility and Aggregate Investment
• A simplified exposition of smooth pasting

Cited In (8)

• The implications of irreversibility in emergency response decisions
• Uncertainty-driven growth
• Irreversibility and Aggregate Investment
• Corporate investment over the business cycle
• Growth under uncertainty with experimentation
• Risk aversion heterogeneity and the investment-uncertainty relationship
• Irreversible investment and the expected capital stock with stationary uncertainty
• The implications of automation for economic growth when investment decisions are irreversible

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