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Investment under uncertainty: The nature of demand shocks and the expected profitability of capital

Title
Investment under uncertainty: The nature of demand shocks and the expected profitability of capital
Type
Article in International Scientific Journal
Year
2012
Authors
gil, pm
(Author)
FEP
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Journal
Title: Economics LettersImported from Authenticus Search for Journal Publications
Vol. 114 No. 2
Pages: 154-156
ISSN: 0165-1765
Publisher: Elsevier
Other information
Authenticus ID: P-002-DDH
Abstract (EN): This paper analyses the disparity regarding the sign of the investment-uncertainty relationship in models of investment under symmetric adjustment costs. That sign is determined by the shape of the profit function, which is related to the nature of demand shocks.
Language: English
Type (Professor's evaluation): Scientific
Contact: pgil@fep.up.pt
No. of pages: 3
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