Dynamic investment policy with installation experience effects

DOI10.1007/BF00940721zbMath0796.90003OpenAlexW2009978352MaRDI QIDQ1321344

Steffen Jørgensen, Peter M. Kort

Publication date: 27 April 1994

Published in: Journal of Optimization Theory and Applications (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/bf00940721

zbMATH Keywords

optimal controllearning-by-doingadjustment costsfirm's optimal investment policyinfinite planning periodinstallation experience

Mathematics Subject Classification ID

Application models in control theory (93C95) Production theory, theory of the firm (91B38) Economic growth models (91B62)

Related Items (1)

Effects of pollution restrictions on dynamic investment policy of a firm

Cites Work

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• Optimal dynamic investment with learning by doing in the adjustment cost function
• A dynamic net present value rule in a financial adjustment cost model
• Future Investment Constraints Reduce Present Investment
• Tobin's Marginal q and Average q: A Neoclassical Interpretation

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