Entry and exit under uncertainty in the presence of drift

ing the results of Kongsted (1996) in the analysis in Dixit (1989) shows that the negative effect of uncertainty on entry and exit is maximal in the absence of drift.

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Year of publication:	2003-02-14
Authors:	Maoz, Yishay D.
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 4.2003, 9, p. 1-2
Publisher:	AccessEcon

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Extent:	application/pdf
Type of publication:	Article
Classification:	D8 - Information and Uncertainty ; E2 - Consumption, Saving, Production, Employment, and Investment
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010629662