Finite durability of capital and the investment-uncertainty relationship
Finite durability of capital and the investment-uncertainty relationship
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资本有限持久性和投资不确定性关系
DOI：
10.1016/s0167-2681(01)00224-4
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发表时间：
2002
影响因子：
2.2
通讯作者：
Tamotsu Nakamura
中科院分区：
文献类型：
--
作者：
Tamotsu Nakamura
这篇论文表明，如果资本的使用寿命短于企业的视野，那么未来产出价格不确定性的增加会降低当前的投资，即使没有投资的不可逆性：这是这种负面影响的通常解释。
This paper shows that, if the useful lifetime of capital is shorter than the firm’s horizon, then an increase in uncertainty over the future output price lowers the current investment, even without irreversibility of investment: the usual explanation of such a negative effect.