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