Uncertainty, Investment, and Industry Evolution
- 1 August 1996
- journal article
- Published by JSTOR in International Economic Review
- Vol. 37 (3) , 641
- https://doi.org/10.2307/2527445
Abstract
We study the effects of industry-wide and idiosyncratic uncertainty on the entry of firms, total investment, and prices in a competitive industry with irreversi...Keywords
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