Advanced search
Publication Cover
Applied Economics Letters Volume 13, 2006 - Issue 13
Submit an article Journal homepage
83
Views
6
CrossRef citations to date
0
Altmetric
Original Articles

A note on uncertainty and investment across the spectrum of irreversibility

Konstantinos Drakos Department of Economics, University of Patras, 26504 Patras, Greece E-mail: [email protected]
Pages 873-876 | Published online: 02 Feb 2007

References

  • Abel , A . 1983 . Optimal investment under uncertainly . American Economic Review , 73 : 228 – 33 .
  • Abel , A and Eberly , J . 1994 . A unified model of investment under uncertainty . American Economic Review , 84 : 1369 – 84 .
  • Abel , A , Dixit , A , Eberly , J and Pindyck , R . 1996 . Options, the value of capital, and investment . Quarterly Journal of Economics , 111 : 753 – 77 .
  • Asplund , M . 2000 . What fraction of a capital investment is sunk cost . Journal of Industrial Economics , 48 : 287 – 304 .
  • Boca , A , Galeotti , M and Rota , P . 2002 . Non-convexities in the adjustment of different capital inputs: a firm-level investigation. Working paper No 3 . 2002 . University of Bergamo .
  • Bond , S and Meghir , C . 1994 . Dynamic investment models and the firm's financial policy . Review of Economic Studies , 61 : 197 – 222 .
  • Caballero , R and Pindyck , R . 1996 . Uncertainty, investment and industry evolution . International Economic Review , 37 : 641 – 62 .
  • Chirinko , R and Schaller , H . 2002 . The irreversibility premium . Working paper . 2002 . Carleton University .
  • Dixit , A and Pindyck , R . 1994 . Investment under Uncertainty , Princeton, NJ : Princeton University Press .
  • Driver , C , Temple , P and Urga , G . 2003 . Contrasts between classes of assets in fixed investment equations as a way of testing real option theory . Working paper . 2003 .
  • Federer , P . 1993 . The impact of uncertainty on aggregate investment spending: an empirical analysis . Journal of Money, Credit and Banking , 25 : 30 – 48 .
  • Ghosal , V and Loungani , P . 1996 . Product market competition and the impact of price uncertainty on investment: some evidence from US manufacturing industries . Journal of Industrial Economics , 44 : 217 – 28 .
  • Ghosal , V and Loungani , P . 2000 . The differential impact of uncertainty on investment in small and large businesses . Review of Economics and Statistics , 82 : 338 – 49 .
  • Goel , R and Ram , R . 1999 . Variations in the effect of uncertainty on different types of investment: an empirical investigation . Australian Economic Papers , 38 : 481 – 92 .
  • Goel , R and Ram , R . 2001 . Irreversibility of R&D investment and the adverse effect of uncertainty: evidence from the OECD countries . Economics Letters , 71 : 287 – 91 .
  • Hartman , F . 1972 . The effects of price and cost uncertainty on investment . Journal of Economic Theory , 5 : 258 – 66 .
  • Henley , A , Carruth , A and Dickerson , A . 2003 . Industry-wide versus firm-specific uncertainty and investment: British company panel data evidence . Economics Letters , 78 : 87 – 92 .
  • MacDonand , R and Siegel , D . 1986 . The value of waiting to invest . Quarterly Journal of Economics , 101 : 707 – 28 .
  • Pindyck , R . 1988 . Irreversible investment, capacity choice, and the value of the firm . American Economic Review , 78 : 969 – 85 .
  • Ramey , V and Shapiro , M . 2001 . Displaced capital: a study of aerospace plant closings . Journal of Political Economy , 109 : 958 – 92 .
  • Webster , E . 2002 . Intangible and intellectual capital: a review of the literature. Melbourne Institute Working Paper No 10/02 . 2002 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Supercharge Your Next Research Paper: Research and write your next paper with Jenni AI.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.