Uncertainty and the vigour of policy: A stronger result
โ Scribed by F.J. Henk Don
- Publisher
- Elsevier Science
- Year
- 1983
- Tongue
- English
- Weight
- 223 KB
- Volume
- 6
- Category
- Article
- ISSN
- 0165-1889
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
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
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