| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w6373 |
| 来源ID | Working Paper 6373 |
| Expandability, Reversibility, and Optimal Capacity Choice | |
| Avinash K. Dixit; Robert S. Pindyck | |
| 发表日期 | 1998 |
| 出版年 | 1998 |
| 语种 | 英语 |
| 摘要 | We develop continuous-time models of capacity choice when demand fluctuates stochastically, and the firm's opportunities to expand or contract are limited. Specifically consider costs of investing or disinvesting that vary with time, or with the amount of capacity already installed. The firm's limited opportunities to expand or contract create call and put options on incremental units of capital; we show how the values of these options affect the firm's investment decisions. |
| 主题 | Microeconomics ; Behavioral Economics ; Macroeconomics ; Consumption and Investment |
| URL | https://www.nber.org/papers/w6373 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/563877 |
| 推荐引用方式 GB/T 7714 | Avinash K. Dixit,Robert S. Pindyck. Expandability, Reversibility, and Optimal Capacity Choice. 1998. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w6373.pdf（1085KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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