Factor price uncertainty, technology choice and investment delay

DOI10.1016/j.jedc.2004.03.001zbMath1202.91136OpenAlexW2017744824MaRDI QIDQ953759

Joseph P. Kaboski

Publication date: 6 November 2008

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2004.03.001

zbMATH Keywords

technology choiceBrownian motionfirm investment

Mathematics Subject Classification ID

Stochastic models in economics (91B70) Production theory, theory of the firm (91B38)

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Environmental regulation, technological diversity, and the dynamics of technological change ⋮ The role of non-convex costs in firms' investment and financial dynamics

Cites Work

• Irreversible investment with uncertainty and scale economies
• An exact solution for the investment and value of a firm facing uncertainty, adjustment costs, and irreversibility
• Capital Input Choice under Price Uncertainty: A Putty-Clay Technology Case
• Optimal Investment with Costly Reversibility