Kasahara, Hiroyuki (contributor) - 2003
the time of a
large investment and suggest that the irreversibility of factor intensity choice may potentially
play an ….g., Bernanke, 1983). A growing literature has shown that, when
uncertainty is present, the irreversibility of investment … the
irreversibility of technology choice in explaining the relationship between investment and uncer-
tainty. A plant has …