Optimal capital accumulation under price uncertainty and costly reversibility
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Publication:647668
DOI10.1016/j.jedc.2011.06.006zbMath1282.91170OpenAlexW1981917409MaRDI QIDQ647668
Publication date: 24 November 2011
Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.jedc.2011.06.006
hysteresiscapital accumulationprice uncertaintycostly reversibilitydisinvestment opportunityexpansion options
Related Items (8)
A methodology to assess the economic impact of power storage technologies ⋮ Irreversible exit decisions under mean-reverting uncertainty ⋮ On solvability of a two-sided singular control problem ⋮ Expected Supremum Representation of the Value of a Singular Stochastic Control Problem ⋮ Singular control of the drift of a Brownian system ⋮ Sequential Capacity Expansion Options ⋮ Irreversible investment with fixed adjustment costs: a stochastic impulse control approach ⋮ Regression Monte Carlo for impulse control
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