Editorial: The economics of irreversible choices

Arrow KJ (1968) Optimal capital policy with irreversible investment. In: Wolfe JN (ed) Value, capital, growth, essay in honor of Sir John Hicks. Edinburgh University Press, Edinburgh Arrow KJ, Fisher AC (1974) Environmental preservation, uncertainty and irreversibility. Q J Econ 88:312–319 D’Alpaos C, Moretto M, Valbonesi P, Vergalli S (2013) Time overruns as opportunistic behavior in public procurement. J Econ (this issue). doi:10.1007/s00712-013-0352-6 Di Corato L, Moretto M, Vergalli S (2013) Land conversion pace under uncertainty and irreversibility: too fast or too slow? J Econ (this issue). doi:10.1007/s00712-013-0348-2 Dixit AK, Pindyck RS (1994) Investment under uncertainty. Princeton University Press, Princeton Dixit AK, Pindyck RS (1998) Expandability, reversibility, and optimal capacity choice. NBER Working Papers 6373, National Bureau of Economic Research, Inc Mantovi A (2013) On the commutativity of expansion and substitution effects. J Econ (this issue). doi:10.1007/s00712-013-0337-5 Tsekrekos A (2013) Irreversible exit decisions under mean-reverting uncertainty. J Econ (this issue). doi:10.1007/s00712-013-0343-7