A real options approach to investment in factor demand models

Stein Østbye

Applied Economics Letters, 1997, vol. 4, issue 3, 153-157

Abstract: A real options approach to investment is used to derive a new full static equilibrium condition for capital within the framework of a restricted variable cost function. Empirical evidence suggests that the use of the traditional equilibrium condition may be grossly misleading.

Date: 1997
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DOI: 10.1080/135048597355410

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