Entry and exit decisions under uncertainty: the limiting deterministic case
Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
This paper establishes the general deterministic limit that corresponds to Dixit's model of entry and exit decisions under uncertainty. The interlinked nature of decisions is shown to be essential also in the deterministic limit. A numerical example illustrates the result
Originalsprog | Engelsk |
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Tidsskrift | Economics Letters |
Vol/bind | 51 |
Udgave nummer | 1 |
Sider (fra-til) | 77-82 |
ISSN | 0165-1765 |
DOI | |
Status | Udgivet - 1996 |
ID: 3104941