Search Results - subject:"Time to Build"

Lags, Convexity and the Investment-Uncertainty Relationship

Maoz, Yishay D. - EconWPA - 2005

The effect that investment lags has on the uncertainty-investment relationship is studied by modifying the Bar-Ilan and Strange (1996) model in a manner that enables analytical solution. It turns out that: (i) If the time lag is sufficiently small, uncertainty affects investment negatively; (ii)...

Persistent link: https://www.econbiz.de/10005062659

The Short-Run Dynamics of Optimal Growth Models with Delays

Collard, Fabrice; Licandro, Omar; Puch, Luis - C.E.P.R. Discussion Papers - 2005

methods to solve for the short run dynamics of a neoclassical growth model with a simple time-to-build lag. …

Persistent link: https://www.econbiz.de/10005067421

The dynamics of investment and labour demand: Theoretical issues and an application to the Dutch manufacturing industry

Palm, Franz C.; Peeters, Marga; Pfann, Gerard A. - Volkswirtschaftliche Fakultät, … - 1993

Lucas' (1967) adjustment costs model and Kydland and Prescott's (1982) time-to-build model induce mutually exclusive … not significant. This is not surprising since the economic interpretation of adjustment costs in addition to time-to-build …

Persistent link: https://www.econbiz.de/10009283790

The short-run dynamics of optimal growth models with delays

COLLARD, Fabrice; LICANDRO, Omar; PUCH, Luis A. - Department of Economics, European University Institute - 2004

models with delays. Models with investment gestation lags (time-to-build), consumption gestation lags (habit formation) or … we propose to solve for the short run dynamics of a neoclassical growth model with a simple time-to-build lag. …

Persistent link: https://www.econbiz.de/10005816420

(In)determinacy and Time-to-Build

BAMBI, Mauro; LICANDRO, Omar - Department of Economics, European University Institute - 2004

This paper generalizes Benhabib and Farmer [4], by allowing for a strictly positive time-to-build of capital. The … introduction of a time-to-build delay yields a system of mixed functional di¤erential equations. We show that the system has a … a small time-to-build delay rules out local indeterminacy. …

Persistent link: https://www.econbiz.de/10005557700

Wage Regimes, Accumulation and Finance Constraints: Keynesian Unemployment Revisited

Saraceno, Francesco - EconWPA - 2003

This paper presents a sequential model suited to analyze transitions between equilibria. Disequilibrium dynamics are obtained from a standard monopolistic competition model, by introducing a sequential structure and reasonable hypotheses about technology, finance constraints, expectation...

Persistent link: https://www.econbiz.de/10005126351

Time-To-Build Investment and Uncertainty in Oligopoly

Dewit, Gerda; Leahy, Dermot - School of Economics, University College Dublin - 2002

This paper examines how time to build alters strategic investment behaviour under oligopoly. Facing demand uncertainty …, firms decide whether to invest early or wait until uncertainty has been resolved. A game that captures time-to-build …

Persistent link: https://www.econbiz.de/10005490144

Time to build options in construction processes

Sing, Tien Foo - In: Construction Management and Economics 20 (2002) 2, pp. 119-130

Time to build is a very important factor in a real estate development venture. Delay in completion of a project not … failure of a project. A time to build option model consisting of a stochastic rate of completion and a stochastic net project …

Persistent link: https://www.econbiz.de/10005445740

New Analysis of a Model of Time to Build

Milne, Alistair; Whalley, A Elizabeth - School of Economics, University of Surrey - 1996

We solve a model of time to build, in closed form, for the special case where the only option is commencing investment … variation in the time to build, the uncertainty of payoff and the opportunity cost of foregone cashflows. The two options have …

Persistent link: https://www.econbiz.de/10008568208

Trigger Values of (Non-) Residential Structures and Equipment Investment

Peeters, Marga - Institut de Recherche Économique et Sociale (IRES), … - 1995

results show the importance of the mixed effect of uncertainty and time-to-build on the decision to invest. Empirical results … conclusion is that time-to-build projects faced with uncertainty, like non-residential structures, seem to be affected …

Persistent link: https://www.econbiz.de/10004985172