Factor price uncertainty, technology choice and investment delay

DOI10.1016/J.JEDC.2004.03.001zbMATH Open1202.91136OpenAlexW2017744824MaRDI QIDQ953759FDOQ953759

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

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

zbMATH Keywords

Brownian motiontechnology choicefirm investment

Mathematics Subject Classification ID

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

Cites Work

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

Cited In (3)

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

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