Effet irréversibilité et information endogène

Christophe Charlier

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Abstract: The irreversibility effect is traditionally presented in a context of uncertainty in which, whatever the behaviour of the decision maker is, the information concerning the profitability of the irreversible project is growing as the time goes. In this article on the contrary it is supposed that only an irreversible commitment allows the decision maker to catch new information. In this context we show that the lost of the irreversibility effect is possible. Then, we illustrate this point with the help of an example considering the release of genetically modified organisms.

Keywords: irreversibility effect; genetically modified organisms; information; effet irréversibilité; organismes génétiquement modifiés (search for similar items in EconPapers)
Date: 1997
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Published in Revue Economique, 1997, 48 (1), pp.93-105

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00423885

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