Investment and uncertainty with recursive preferences

This paper analyses the relationship between uncertainty and investment when firms are risk averse and have a costant return to scale technology. Using recursive preferences, the paper demonstrates that not only the degree of risk aversion is important in determining the sign of the investment uncer...

Full description

Saved in:
Bibliographic details
Main Author: Ticchi, Davide
Format: Publication
Language: English
Place of publication: 01.01.2000
Data of publication: 2000-01-01
Online Access: available in Bonn?
Database: OpenAIRE (Open Access)
Database information Databases - DBIS