Irreversible investment with uncertainty and scale economies

DOI10.1016/0165-1889(93)00784-2zbMath0875.90111OpenAlexW3124570794MaRDI QIDQ1349601

Avinash Dixit

Publication date: 27 February 1997

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

Full work available at URL: http://eprints.lse.ac.uk/19372/1/Irreversible_Investment_with_Uncertainty_and_Scale_Economies.pdf

zbMATH Keywords

UncertaintyInvestmentScale economies

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items (12)

Timing of investments in oligopoly under uncertainty: a framework for numerical analysis ⋮ A GAME MODEL OF IRREVERSIBLE INVESTMENT UNDER UNCERTAINTY ⋮ Capacity expansion games with application to competition in power generation investments ⋮ Irreversible capital accumulation under interest rate uncertainty ⋮ Wireless network capacity management: a real options approach ⋮ Lumpy investment and expected stock returns ⋮ Optimal capital accumulation under price uncertainty and costly reversibility ⋮ Irreversible investment under uncertainty and the threat of bankruptcy ⋮ Factor price uncertainty, technology choice and investment delay ⋮ When and how much to invest? Investment and capacity choice under product life cycle uncertainty ⋮ Optimal environment management in the presence of irreversibilities ⋮ Investment and capacity choice under uncertain demand

Cites Work

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• Irreversible investment
• Instantaneous Control of Brownian Motion
• Impulse Control of Brownian Motion
• Capacity Expansion and Probabilistic Growth
• Investment and the Valuation of Firms When There is an Option to Shut Down
• Optimal Growth with a Convex-Concave Production Function
• Optimal Growth with Scale Economies in the Creation of Overhead Capital

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