Recommendations
- Uncertain irreversibility, information, and transformation costs
- Stochastic growth with irreversible investment
- Entropy and sustainable growth
- Irreversibility and Aggregate Investment
- From instability to irreversibility
- Indeterminate growth paths and stability.
- Irreversible investment with uncertainty and scale economies
- The nature of the steady state in models of optimal growth under uncertainty
- A new look at optimal growth under uncertainty
- Irreversibility revisited
Cites work
- scientific article; zbMATH DE number 4078444 (Why is no real title available?)
- A simplified exposition of smooth pasting
- An expository note on individual risk without aggregate uncertainty
- Endogenous vs exogenously driven fluctuations in vintage capital models
- Entry, Exit, and firm Dynamics in Long Run Equilibrium
- Firing Costs and Labour Demand: How Bad is Eurosclerosis?
- Irreversibility and Aggregate Investment
- Markov-Perfect Industry Dynamics: A Framework for Empirical Work
- The law of large numbers with a continuum of i.i.d. random variables
- Uncertainty, Investment, and Industry Evolution
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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