EconStor >
Institut für Weltwirtschaft (IfW), Kiel >
Kieler Arbeitspapiere, IfW >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/46733
  
Title:Irreversibility, endogenous mean reversion, and the investment decision of a foreign firm PDF Logo
Authors:Pierdzioch, Christian
Issue Date:1998
Series/Report no.:Kiel Working Papers 847
Abstract:The paper derives a valuation formula for the real option of a firm to undertake an irreversible investment in a foreign economy based on the endogenous dynamics of a stochastic macroeconomic framework with sluggish price adjustment. The option valuation formula is implemented to analyze the impact of macroeconomic dynamics on the attraction of an economy for foreign investors.
JEL:F21
F41
Document Type:Working Paper
Appears in Collections:Kieler Arbeitspapiere, IfW
Publikationen von Forscherinnen und Forschern des IfW

Files in This Item:
File Description SizeFormat
258172932.pdf467.6 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/46733

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.