This paper studies the effect of policy uncertainty on the formation of new activities in type of economy, where productivity of labor increases with the number of capital goods. Adding a new capital good requires a capital specific set-up cost, invested prior to using the capital good. Agents are
โฆ LIBER โฆ
Cost uncertainty and the rate of investment
โ Scribed by Joseph Zeira
- Publisher
- Elsevier Science
- Year
- 1990
- Tongue
- English
- Weight
- 608 KB
- Volume
- 14
- Category
- Article
- ISSN
- 0165-1889
No coin nor oath required. For personal study only.
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