Technology Choice Under Uncertainty on the Demand

Corinne Chaton

Working Papers from Toulouse - GREMAQ

Abstract: This paper studies irreversible investment decisions of a risl neutral regulated firm which has costs of production and of investment known with certainty and constant over time, but subject to uncertainty on exogenous shocks to demand. These shocks follow a geometric Brownian motion. No restriction on the value of the price elasticity demand is imposed. To produce the firm can utilize several technologies.

Keywords: UNCERTAINTY; INVESTMENTS; DYNAMIC ANALYSIS (search for similar items in EconPapers)
JEL-codes: D8 (search for similar items in EconPapers)
Pages: 35 pages
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:fth:gremaq:98.496

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