Federal Reserve Bank of Cleveland
Working Papers (Old Series)
Commitment as investment under uncertainty
An explanation of how irreversible investment and the techniques associated with pricing real options can apply to a broad range of problems in finance, macroeconomics, and trade policy.
Cite this item
Joseph A. Ritter & Joseph G. Haubrich, Commitment as investment under uncertainty, Federal Reserve Bank of Cleveland, Working Papers (Old Series) 9606, 1996.
Keywords: Economic policy ; Macroeconomics
This item with handle RePEc:fip:fedcwp:9606
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