Analytical Approximations in Models of Hysteresis
- 1 January 1991
- journal article
- Published by Oxford University Press (OUP) in The Review of Economic Studies
- Vol. 58 (1) , 141-151
- https://doi.org/10.2307/2298051
Abstract
Decisions made under ongoing uncertainty and costly reversibility entail a range of the state variable where inaction is optimal, which in turn produKeywords
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