Future Investment Constraints Reduce Present Investment

DOI10.2307/1911732zbMath0587.90013OpenAlexW1963827245MaRDI QIDQ3714852

Philippe Michel, Antoine d'Autume

Publication date: 1985

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/1911732

zbMATH Keywords

constant returns to scaleconvex adjustment costsfuture investment constraintstheory of investment

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38)

Related Items (2)

Multiple equilibria and thresholds due to relative investment costs ⋮ Dynamic investment policy with installation experience effects

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