Investment, uncertainty, and production games
نویسندگان
چکیده
منابع مشابه
Production Flexibility and Investment under Uncertainty
This paper extends the theory of real options, which mainly considers the problem of timing of investment, by letting the firm choose also the quantity produced after the time of investment. Under the conditions of irreversible investment and uncertainty in future demand, the firm can adjust its output quantity at each point in time in the future. Our paper shows that changing the structure of ...
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ژورنال
عنوان ژورنال: Environment and Development Economics
سال: 2009
ISSN: 1355-770X,1469-4395
DOI: 10.1017/s1355770x08004579