Factor price uncertainty, technology choice and investment delay

DOI10.1016/J.JEDC.2004.03.001MaRDI QIDQ953759zbMATH OpenOpenAlexFDO

Authors Joseph P. Kaboski

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.2004.03.001

zbMATH Keywords

Brownian motionfirm investmenttechnology choice

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Stochastic models in economics (91B70)

Recommendations

• Timing of investment under technological and revenue-related uncertainties
• Technology choice under several uncertainty sources
• Cost uncertainty and the rate of investment
• Investment and capacity choice under uncertain demand
• Strategic technology investment under uncertainty

Cites work

• An exact solution for the investment and value of a firm facing uncertainty, adjustment costs, and irreversibility
• Capital Input Choice under Price Uncertainty: A Putty-Clay Technology Case
• Irreversible investment with uncertainty and scale economies
• Optimal Investment with Costly Reversibility

Cited in

(4)

• Investment and technological choice in a right-to-manage model
• The role of non-convex costs in firms' investment and financial dynamics
• TIMING OF LUMPY INVESTMENT, PRICING AND TECHNICAL PROGRESS
• Environmental regulation, technological diversity, and the dynamics of technological change

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