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Federal Reserve Bank of Cleveland
Working Papers (Old Series)
Commitment as investment under uncertainty
Joseph A. Ritter
Joseph G. Haubrich
Abstract

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.


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Joseph A. Ritter & Joseph G. Haubrich, Commitment as investment under uncertainty, Federal Reserve Bank of Cleveland, Working Papers (Old Series) 9606, 1996.
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Keywords: Economic policy ; Macroeconomics
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