The impact of idiosyncratic uncertainty when investment opportunities are endogenous

DOI10.1016/j.jedc.2016.02.004zbMath1401.91238OpenAlexW2286792201MaRDI QIDQ1656777

Jung-Hoon Lee

Publication date: 10 August 2018

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2016.02.004

zbMATH Keywords

uncertaintyreal optionsinvestmentinnovationentry and exitgrowth options

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) General equilibrium theory (91B50)

Cites Work

• Solving heterogeneous-agent models by projection and perturbation
• Investment options and the business cycle
• Calculating and using second-order accurate solutions of discrete time dynamic equilibrium models
• Strategic Growth Options
• The Impact of Uncertainty Shocks
• Funding Criteria for Research, Development, and Exploration Projects
• Entry, Exit, and firm Dynamics in Long Run Equilibrium
• State-Dependent Pricing and the General Equilibrium Dynamics of Money and Output
• Irreversibility and Aggregate Investment
• Technology Shocks and Job Flows
• Options, the Value of Capital, and Investment

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