The Value of Waiting to Invest
- 1 November 1986
- journal article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 101 (4) , 707-727
- https://doi.org/10.2307/1884175
Abstract
This paper studies the optimal timing of investment in an irreversible project where the benefits from the project and the investment cost follow conKeywords
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