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Incomplete information and irreversible investment

Adams, Jonathan; Chen, Cheng; Fang, Min; Hattori, Takahiro - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015451412

Irreversible investment under predictable growth : why land stays vacant when housing demand is booming

Lange, Rutger-Jan; Teulings, Coen N. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014460304

Investment, Capacity, and Uncertainty : A Putty-Clay Approach

Gilchrist, Simon; Williams, John C. - 2022

We embed the microeconomic decisions associated with investment under uncertainty, capacity utilization, and machine replacement in a general equilibrium model based on putty-clay technology. In the presence of irreversible factor proportions, a mean-preserving spread in the productivity of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014072172

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Investment, Capacity, and Uncertainty : A Putty-Clay Approach

Gilchrist, Simon; Williams, John C. - 2005

Book / Working Paper

Investment, Capacity, and Uncertainty : A Putty-Clay Approach

Gilchrist, Simon - 2004

Book / Working Paper

Putty-clay and investment : a business cycle analysis

Gilchrist, Simon - 1998

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10000990408

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Putty-Clay and Investment : a Business Cycle Analysis

Gilchrist, Simon; Williams, John C. - 2021

Book / Working Paper

Putty-Clay and Investment : A Business Cycle Analysis

Gilchrist, Simon; Williams, John C. - 1998

Book / Working Paper

Putty-Clay and Investment : A Business Cycle Analysis

Gilchrist, Simon - 1998

Book / Working Paper

Transition Dynamics in Vintage Capital Models : Explaining the Postwar Catch-Up of Germany and Japan

Gilchrist, Simon; Williams, John C. - 2021

We consider a neoclassical interpretation of Germany and Japan's rapid postwar growth that relies on a catch-up mechanism through capital accumulation where technology is embodied in new capital goods. Using a putty-clay model of production and investment, we are able to capture many of the key...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013230828

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Transition Dynamics in Vintage Capital Models : Explaining the Postwar Catch-Up of Germany and Japan

Gilchrist, Simon - 2004

Book / Working Paper

Stay in School or Start Working? - The Human Capital Investment Decision under Uncertainty and Irreversibility

Bilkic, Natasa; Gries, Thomas; Pilichowski, Margarethe - 2021

As the time of leaving school determines the level of academic achievement this timing decision is central for the human capital investment decision. Real option theory offers a new perspective of the human capital investment decision under uncertainty and irreversibility. Unlike other...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013316303

The impact of tax uncertainty on irreversible investment

Niemann, Rainer - 2011

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10008909356

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The Impact of Tax Uncertainty on Irreversible Investment

Niemann, Rainer - 2021

Book / Working Paper

Climate change and pandemics : on the timing of interventions to preserve a global common

Giovanniello, Monica; Perroni, Carlo - 2020

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012224784

Convex supply curves

Boehm, Christoph E.; Pandalai-Nayar, Nitya - 2020

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012216290

Inflexibility and stock returns

Gu, Lifeng; Hackbarth, Dirk; Johnson, Tim - 2018

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011924627

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Inflexibility and stock returns

Gu, Lifeng; Hackbarth, Dirk; Johnson, Tim - 2017

Book / Working Paper

Inflexibility and Stock Returns

Gu, Lifeng - 2019

Book / Working Paper

Inflexibility and stock returns

Gu, Lifeng; Hackbarth, Dirk; Johnson, Tim - 2017

Book / Working Paper

Incentivizing irreversible investment

Livdan, Dmitry; Nezlobin, Alexander - 2022

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013198767

The impact of operational delay on irreversible investment under Knightian uncertainty

Delaney, Laura - 2022

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013448228

Optimal capital structure and investment with real options and endogenous debt costs

Kumar, Praveen; Yerramilli, Vijay - 2018

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011927857

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Optimal Capital Structure and Investment with Real Options and Endogenous Debt Costs

Kumar, Praveen - 2017

Book / Working Paper

Asymmetric information and irreversible investments : an auction model

Maeland, Jøril - 2010

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10008904985

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Asymmetric Information and Irreversible Investments : An Auction Model

Maeland, Joril - 2016

Book / Working Paper

Should I stay or should I go? : a laboratory analysis of investment opportunities under ambiguity

Viefers, Paul - 2012

This paper investigates the impact of uncertainty on an irreversible investment decisions in the laboratory. Subjects own the option to seize a claim on the future sum of realizations from an (ambiguous) random walk. I contrast model predicitions of the Subjective Expected Utility model (SEU,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10009579353

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Should I Stay or Should I Go? A Laboratory Analysis of Investment Opportunities Under Ambiguity

Viefers, Paul - 2015

Book / Working Paper

Should I Stay or Should I Go? - A Laboratory Analysis of Investment Opportunities Under Ambiguity

Viefers, Paul - 2013

Book / Working Paper

Co-Movement, Capital and Contracts : 'Normal' Cycles Through Creative Destruction

Francois, Patrick; Lloyd-Ellis, Huw - 2015

We develop a unified theory of endogenous business cycles in which expansions are neoclassical growth periods driven by productivity improvements and capital accumulation, while downturns are the result of Keynesian contractions in aggregate demand below potential output. Recessions allow...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014071283

Ex-Ante Regulation and Ex-Post Liability Under Uncertainty and Irreversibility : Governing the Coexistence of Gm Crops

Beckmann, Volker - 2014

Ex-ante regulations and ex-post liabilities for using a new technology will induce additional costs for adopters. The standard model is advanced by including irreversibility and uncertainty and taking into account transaction costs of negotiating possible cost reductions. The case analysed is...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013068883

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Ex-Ante Regulation and Ex-Post Liability Under Uncertainty and Irreversibility : Governing the Coexistence of Gm Crops

Beckmann, Volker - 2014

Book / Working Paper

Firm Dynamics and the Minimum Wage : A Putty-Clay Approach

Aaronson, Daniel - 2013

We document two new facts about the market-level response to minimum wage hikes: firm exit and entry both rise. These results pose a puzzle: canonical models of firm dynamics predict that exit rises but that entry falls. We develop a model of firm dynamics based on putty-clay technology and show...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013071562

Firm dynamics and the minimum wage : a putty-clay approach

Aaronson, Daniel; French, Eric; Sorkin, Isaac - 2013

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010212764

Preemptive investment under uncertainty

Steg, Jan-Henrik - 2018

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012052071

Fighting tax havens and climate change

Elsayyad, May - 2012

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10009728919

Firm-level adjustment costs and aggregate investment dynamics - estimation on Hungarian data

Reiff, Ádám - 2010

This paper uses Hungarian data to estimate the structural parameters of a firm-level investment model with a rich structure of adjustment costs, and analyzes whether non-convex adjustment costs have any effect on the aggregate investment dynamics. The main question addressed is whether aggregate...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10003987035

Ex-ante regulation and ex-post liability under uncertainty and irreversibility : governing the coexistence of GM crops

Beckmann, Volker; Soregaroli, Claudio; Wesseler, Justus - 2009

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10003905106

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Ex-ante regulation and ex-post liability under uncertainty and irreversibility : governing the coexistence of GM crops

Beckmann, Volker; Soregaroli, Claudio; Wesseler, Justus - 2010

Book / Working Paper

Economy of Greece : an evaluation of real sector

Olenev, Nicholas - 2016

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011558269

Industry dynamics and the minimum wage : a putty-clay approach

Aaronson, Daniel; French, Eric; Sorkin, Isaac - 2016

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011447726

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Industry dynamics and the minimum wage : a putty-clay approach

Aaronson, Daniel; French, Eric; Sorkin, Isaac - 2016

Book / Working Paper

Irreversible investment in oligopoly

Steg, Jan-Henrik - 2009

We offer a new perspective on games of irreversible investment under uncertainty in continuous time. The basis is a particular approach to solve the involved stochastic optimal control problems which allows to establish existence and uniqueness of an oligopolistic open loop equilibrium in a very...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10003818214

Stay in school or start working? : the human capital investment decision under uncertainty and irreversibility

Bilkic, Natasa; Gries, Thomas; Pilichowski, Margarethe - 2009

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10003897279

R&D-driven biases in energy-saving technical change: A putty-practically-clay approach

van Zon, Adriaan; Lontzek, Thomas S. - 2008

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010334201

Dynamic analysis of structural change and productivity measurement

Førsund, Finn R.; Hjalmarsson, Lennart - 2008

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010285617

Investment spikes and uncertainty in the petroleum refining industry

2008

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10003727522

Econometric analysis of irreversible investment with financial constraints : comparison of parametric and semiparametric estimations

2008

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10003757708

Crunch time : a policy to avoid the "announcement effect' when terminating a subsidy

Gürtler, Marc; Sieg, Gernot - 2010

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10003945952

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Crunch time : a policy to avoid the "announcement effect" when terminating a subsidy

Gürtler, Marc; Sieg, Gernot - 2008 - [Elektronische Ressource]

Edition: [Elektronische Ressource]

Book / Working Paper

Dynamic analysis of structural change and productivity measurement

2008

A dynamic analysis of structural change is reviewed based on a vintage model of substitutability between inputs including capital before investment, but no substitution possibilities after investment, and ex post production possibilities characterised by fixed input coefficients. Key elements in...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10003769956

R&D-driven biases in energy-saving technical change : a "putty-practically-clay" approach

2008

This paper deals with the problem of tackling the adverse effect of output growth on environmental quality. For this purpose we use an intermediate sector that builds "putty-practically-clay" capital consisting of an amalgam of energy and raw capital used for final goods production. The...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10003794244

Essays on basket options hedging and irreversible investment valuation

Su, Xia - 2008

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10003740774

The irreversibility premium

2008

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10003662980

Incomplete Markets, Knightian Uncertainty, and Irreversible Investment

Thijssen, Jacco - 2008

The problem of irreversible investment with idiosyncratic risk is studied by interpreting market incompleteness as a source of Knightian uncertainty over the appropriate discount factor. Maxmin utility over multiple priors is used to solve the irreversible investment problem. The notion of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014214176

The impact of tax uncertainty on irreversible investment

2007

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10003597980

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The impact of tax uncertainty on irreversible investment

2006

Book / Working Paper

Optimal investment policy with fixed adjustment costs and complete irreversibility

2007

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10003582909

Dynamic free riding with irreversible investments

Battaglini, Marco; Nunnari, Salvatore; Palfrey, Thomas R. - 2014

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010468885

Optimal investment policy with fixed adjustment costs and complete irreversibility

Roys, Nicolas - 2014

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010495138

Irreversible investment under uncertainty in electricity generation : a clay-clay-vintage portfolio approach with an application to climate change policy in the UK

Zon, Adriaan van; Fuss, Sabine - 2006

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10003390340

Double irreversibility and environmental policy timing

Pommeret, Aude; Prieur, Fabien - 2013

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10009759734

Vintage modelling for dummies using the putty-practically-clay approach

Zon, Adriaan van - 2005

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10003285677

A "putty-practically-clay" vintage model with R&D driven biases in energy-saving technical change

Zon, Adriaan van; Lontzek, Thomas - 2005

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10003285710

Tax Policy and Irreversible Investment

Altuğ, Sumru; Demers, Fanny Saul; Demers, Michel - 2005

We examine the impact of tax policy uncertainty on the irreversible investment decisions of a monopolistically competitive firm. We consider the impact of tax policy in terms of the investment tax credit (ITC) as well as the stochastic tax wedge which determines the after-tax costs of investing....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014065081