经济
投资(军事)
工资
现金流
同种类的
微观经济学
计量经济学
货币经济学
劳动经济学
财务
数学
政治
政治学
法学
组合数学
标识
DOI:10.1016/0022-0531(72)90105-6
摘要
This paper examines the effects that increased uncertainty in future output prices, wage rates, and investment costs has on the quantity of investment undertaken by a firm. It is assumed that the firm maximizes the expected value of the sum of discounted cash flows, that the production function is homogeneous of degree one, and that there are increasing marginal costs to investment which vary randomly from period to period. The results are that so long as the non-negativity constraints are surely never binding, current investment does not decrease with increased uncertainty in future output prices and wage rates and is invariant to increased uncertainty in future investment costs.
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