Investment under Uncertainty, Irreversibility and the Arrival of Information Over Time

DOI10.2307/2297971zbMath0732.90010OpenAlexW2069815802MaRDI QIDQ3359968

Michel Demers

Publication date: 1991

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2297971

zbMATH Keywords

investment behaviourtime-varying risk premiumoptimal capital stockrisk-neutral competitive firm

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Economic growth models (91B62)

Related Items (7)

A strong (Ross) characterization of multivariate risk aversion ⋮ Optimal investment policies for a polluting firm in an uncertain environment ⋮ Periodic learning about a hidden state variable ⋮ Stochastic growth with short-run prediction of shocks ⋮ Limited attention, interaction and the gradual adjustment of a firm's decisions ⋮ Exchange rate uncertainty and trade growth?a comparison of linear and non-linear (forecasting) models ⋮ Growth under uncertainty with experimentation

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