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The effects of irreversibility and uncertainty on capital accumulation

  • Published:1999-12 Issue:3 Volume:44 Page:339-377
  • ISSN:0304-3932
  • Container-title:Journal of Monetary Economics
  • language:en
  • Short-container-title:Journal of Monetary Economics

Author:

Abel Andrew B.,Eberly Janice C.

Publisher

Elsevier BV

Subject

Economics and Econometrics,Finance

Reference22 articles.

1. Optimal investment under uncertainty;Abel;American Economic Review,1983

2. An exact solution for the investment and market value of a firm facing uncertainty, adjustment costs, and irreversibility;Abel;Journal of Economic Dynamics and Control,1997

3. Optimal investment with costly reversibility;Abel;Review of Economic Studies,1996

4. Firing costs and labor demand;Bentolila;Review of Economic Studies,1990

5. Bertola, G. 1988. Adjustment costs and dynamic factor demands: investment and employment under uncertainty. Ph.D. Dissertation, MIT.

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