Investments of uncertain cost

Journal of Financial Economics - Tập 34 - Trang 53-76 - 1993
Robert S. Pindyck1
1Massachusetts Institute of Technology, Cambridge, MA 02139, USA

Tài liệu tham khảo

Baldwin, 1982, Optimal sequential investment when capital is not readily reversible, Journal of Finance, 37, 763, 10.2307/2327707 Dixit,, 1992, Investment and hysteresis, Journal of Economic Perspectives, 6, 107, 10.1257/jep.6.1.107 Dixit,, 1993 Grossman, 1986, Optimal dynamic R&D programs, RAND Journal of Economics, 17, 581, 10.2307/2555483 Karlin,, 1981 MacKie-Mason, 1991 Majd,, 1987, Time to build, option value, and investment decisions, Journal of Financial Economics, 18, 7, 10.1016/0304-405X(87)90059-6 Majd,, 1989, The learning curve and optimal production under uncertainty, RAND Journal of Economics, 20, 331, 10.2307/2555574 McCabe, 1991, Industrial structure and technological change in the nuclear power industry McDonald,, 1986, The value of waiting to invest, Quarterly Journal of Economics, 101, 707, 10.2307/1884175 Myers, 1984, Calculating abandonment value using option pricing theory Perl, 1987, Testimony before public utility commission of Texas on behalf of Gulf States Utilities Co. Perl, 1988, Testimony before City Council of City of New Orleans on behalf of Louisiana Power & Light Co. Pindyck, 1991, Irreversibility, uncertainty, and investment, Journal of Economic Literature, 29, 1110 Roberts,, 1981, Funding criteria for research, development, and exploration projects, Econometrica, 49, 1261, 10.2307/1912754 Tennessee Valley Authority, 1977, Cost per kilowatt report for U.S. nuclear plants Weitzman,, 1979, Optimal search for the best alternative, Econometrica, 47, 641, 10.2307/1910412 Weitzman,, 1981, Sequential R&D strategy for synfuels, Bell Journal of Economics, 12, 574, 10.2307/3003573 Zeira,, 1987, Investment as a process of search, Journal of Political Economy, 95, 204, 10.1086/261449