Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/79357
Authors: 
Roys, Nicolas
Year of Publication: 
2007
Series/Report no.: 
cemmap working paper, Centre for Microdata Methods and Practice CWP29/07
Abstract: 
We develop and solve analytically an investment model with fixed adjust-ment costs and complete irreversibility that reproduces observed investment dynamics at the micro-level. We impose a minimal set of restrictions on technology and uncertainty. Most of the results duplicate or generalize earlier findings that have been established either by simulations or under contrefactual assumptions.
Subjects: 
Investment , Adjustment Costs , Irreversibility , Dynamic Programming
JEL: 
C61
D21
E2
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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