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Real options and the jorgensonian user cost of capital

Dixit and Pindyck (1994) claim that the Jorgensonian rule of investment(Jorgenson, 1963) does not hold in uncertain settings. This note shows thatthe validity of that claim depends crucially on the particular process chosento describe the economic uncertainty. In fact, the Jorgensonian rule of inves...

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Bibliografiske detaljer
Udgivet i:Investigaciones Económicas
Hovedforfatter: Óscar Gutiérrez
Format: Artigo
Sprog:Inglês
Udgivet: Fundación SEPI 2005
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Online adgang:https://www.redalyc.org/articulo.oa?id=17329307
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