Irreversibility and Aggregate Investment
- 1 April 1994
- journal article
- Published by Oxford University Press (OUP) in The Review of Economic Studies
- Vol. 61 (2) , 223-246
- https://doi.org/10.2307/2297979
Abstract
Investment is often irreversible: once installed, capital has little or no value unless used in production. This paper proposes and solves a model ofThis publication has 0 references indexed in Scilit: