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| Author: | Carruth, A. Dickerson, A. Henley, A. |
| Title: | What do we know about investment under uncertainty? |
| Journal: | Journal of Economic Surveys
2000 : APR, VOL. 14:2, p. 119-153 |
| Index terms: | Investment Uncertainty |
| Language: | eng |
| Abstract: | Recent theoretical developments relating to investment under uncertainty have highlighted the importance of irreversibility for the timing of investment expenditures and their expected returns. This has subsequently stimulated a growing empirical literature which examines uncertainty and threshold effects on investment behaviour. This paper presents a review of this literature. |
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