- Dynamic Free Riding with Irreversible Investments🔍
- Irreversibility🔍
- Optimal Taxation of Irreversible Investments🔍
- Publication🔍
- Irreversible Investment with Regime Shifts∗🔍
- Interest Rates🔍
- Plant Level Irreversible Investment and Equilibrium Business Cycles🔍
- POLITICAL RISK AND IRREVERSIBLE INVESTMENT🔍
An equilibrium model of irreversible investment
Dynamic Free Riding with Irreversible Investments - Salvatore Nunnari
the irreversibility of investments is very important in modeling ... the fact that equilibrium investments are inefficiently low and the irreversibility con-.
Irreversibility, Uncertainty, and Cyclical Investment - Oxford Academic
Abstract. This paper builds on the theory of irreversible choice under uncertainty to give an explanation of cyclical investment fluctuations. The key obse.
In section 4 we derive the firm profits and the equilibrium outcomes in a Stackelberg duopoly game. In the conclusion we discuss the limitations of the model ...
Publication: Transition to Clean Capital, Irreversible Investment and ...
This paper uses a Ramsey model with two types of capital to analyze the optimal transition to clean capital when polluting investment is irreversible.
Section 7 analyses marginal q and the user cost of capital. Section 8 concludes. 2. THE MODEL. This paper provides an analysis of investment decisions under ...
The main result also holds in an equilibrium model of investment with competitive firms. To analyse the effects of competition, I extend the basic model to ...
Investment, Uncertainty, and Irreversibility in Ghana
firm waits to invest until the MRPK hits a trigger. To address question (3), an accelerator-style model supplemented with uncertainty variables will be ...
... models, CEH found the following results: 1) the non-linear model kept track of aggregate investment behavior much better than the linear model (the absolute ...
POLITICAL RISK AND IRREVERSIBLE INVESTMENT - CEPR
Second, we apply our model to an analysis of the risk of separation of the province of Quebec from the Canadian federation. We consider the investment decisions ...
Irreversible Investment and Strategic Interaction - jstor
This paper introduces an aggregate demand externality into a model of irreversible invest- ment. The central result of the paper establishes the mechanism ...
We develop a model of an industry with many heterogeneous firms that face both financing constraints and irreversibility constraints. We use this model to ...
Lintong Li on Aggregate Demand and Irreversible Investment
The existence of partial irreversibility constraint on fixed capital limits cash flow to finance working capital while the existence of ...
AGGREGATE INVESTMENT * 4. Entry, exit and scrapping 844
shocks, Bertola and Caballero (1994) estimated the irreversible investment model, and ... provided simple models of competitive equilibrium investment in ...
Their findings require the endogeneity of prices in a competitive equilibrium model or the existence of firm or industry-specific risk. The empirical work ...
Equilibrium commodity prices with irreversible investment and non ...
We model oil price dynamics in a general equilibrium production economy with two goods: a consumption good and oil. Production of the consumption good ...
A Game Model of Irreversible Investment Under Uncertainty - EconBiz
A Game Model of Irreversible Investment Under Uncertainty ; 1 Online-Ressource · Book / Working Paper · In: International Game Theory Review, Vol. 4, No. 2, pp.
No NEWS CAN BE GOOD NEWS: IRREVERSIBLE INVESTMENT ...
Abstract: This paper introduces an aggregate demand externality into a model of irreversible investment. The central result of the paper.
Irreversible Investment and Learning Externalities
Rob (1991) and Caplin and Leahy (1993) study models of industry equilibrium in which firms may learn about the size of the market or the profitability of an ...
Demand Jump and Preemption under Irreversible Investment
This equilibrium only exists for sufficiently large demand shock. This indicates that the possibility of pre- emption in real option game models ...
Irreversible Abatement Investment under Cost Uncertainties
The only exogenous factors in the model are abatement cost shocks. Given the (marginal) costs, efficient permit trading endogenously determines the equilibrium ...