Entry and exit decisions under uncertainty: the limiting deterministic case
Research output: Contribution to journal › Journal article › Research › peer-review
This paper establishes the general deterministic limit that corresponds to Dixit's model of entry and exit decisions under uncertainty. The interlinked nature of decisions is shown to be essential also in the deterministic limit. A numerical example illustrates the result
| Original language | English |
|---|---|
| Journal | Economics Letters |
| Volume | 51 |
| Issue number | 1 |
| Pages (from-to) | 77-82 |
| ISSN | 0165-1765 |
| DOIs | |
| Publication status | Published - 1996 |
ID: 3104941