Optimal Investment with Costly Reversibility

Review of Economic Studies

Volumn 63, Issue 4, 1996, Pages 581-593

  Abel, Andrew B ^a   Eberly, Janice C ^a  

^a UNIVERSITY OF PENNSYLVANIA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0038876838     PISSN: 00346527     EISSN: None     Source Type: Journal    
DOI: 10.2307/2297794     Document Type: Article

References (15)

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2. ABEL, A. B. and EBERLY, J. C. (1995), "Optimal Investment with Costly Reversibility" (National Bureau of Economic Research, Working Paper No. 5091).
3. ARROW, K. J. (1968), "Optimal Capital Policy with Irreversible Investment", in J. N. Wolfe (ed.), Value, Capital and Growth, Papers in Honour of Sir John Hicks (Chicago: Aldine Publishing Company), 1-19.
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8. DIXIT, A. (1991), "Entry and Exit Decisions under Uncertainty", Journal of Political Economy, 97, 620-638.
9. DIXIT, A. (1991), "Analytical Approximations in Models of Hysteresis", Review of Economic Studies, 58, 141-151.
10. DIXIT, A. and PINDYCK, R. S. (1994) Investment Under Uncertainty (Princeton, NJ: Princeton University Press).
11. DUMAS, B. (1991), "Super Contact and Related Optimality Conditions", Journal of Economic Dynamics and Control, 15, 675-685.
12. JORGENSON, D. W. (1963), "Capital Theory and Investment Behavior", American Economic Review (Papers and Proceedings), 53, 247-259.
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14. PINDYCK, R. S. (1991), "Irreversibility, Uncertainty, and Investment", Journal of Economic Literature, 29, 1110-1148.
15. SHREVE, S. E. and SONER, H. M. (1994), "Optimal Investment and Consumption with Transactions Costs", Annals of Applied Probability, 4, 609-692.