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...
|Main Author:||Ticchi, Davide|
|Place of publication:||
|Data of publication:||2000-01-01|
|Online Access:||available in Bonn?|
|Database:||OpenAIRE (Open Access)
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