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...

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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)
OpenAIRE
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