文章基本信息

标题：Optimal capital investment under uncertainty: An extension
本地全文：下载
作者：Inwon Jang ; Hyeon-seung Huh ; Richard Wong 等
期刊名称：Economics Bulletin
电子版ISSN：1545-2921
出版年度：2008
卷号：5
出版社：Economics Bulletin
摘要：This paper develops a model for optimal capital investment in continuous time when both existing and new capital stocks are subject to uncertainty. The model is generalized to allow for large and infrequent changes in the dynamics of the capital stock, which may arise as a result of natural and man-made disasters.