Elections, Uncertainty and Irreversible Investment
نویسندگان
چکیده
منابع مشابه
Irreversible investment and Knightian uncertainty
When firms make a decision about irreversible investment, they may not have complete confidence about their perceived probabilitymeasure describing future uncertainty. Theymay think other probabilitymeasures perturbed from the original one are also possible. Such uncertainty, characterized by not a single probability measure but a set of probability measures, is called “Knightian uncertainty.” ...
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ژورنال
عنوان ژورنال: British Journal of Political Science
سال: 2012
ISSN: 0007-1234,1469-2112
DOI: 10.1017/s000712341200049x