Investment Under Uncertainty with Stochastically Switching Profit Streams: Entry and Exit over the Business Cycle
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| 024 | 7 | 0 | |a 10.2202/1558-3708.1131 |2 doi |
| 035 | |a (NATIONALLICENCE)gruyter-10.2202/1558-3708.1131 | ||
| 245 | 0 | 0 | |a Investment Under Uncertainty with Stochastically Switching Profit Streams: Entry and Exit over the Business Cycle |h [Elektronische Daten] |c [John Driffill, Marzia Raybaudi, Martin Sola] |
| 520 | 3 | |a We study how entry and exit decisions of a monopolist are affected by business cycle conditions. We model the business cycle as a two-state Markov process, and assume that the demand curve faced by the monopolist evolves differently in the two states of the economy. We explore conditions under which the monopolist would enter or exit, either in a boom or a recession. | |
| 540 | |a ©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston | ||
| 700 | 1 | |a Driffill |D John |u University of London |4 aut | |
| 700 | 1 | |a Raybaudi |D Marzia |u University of Birmingham |4 aut | |
| 700 | 1 | |a Sola |D Martin |u University of London and Universidad Torcuato Di Tella, msola@econ.bbk.ac.uk |4 aut | |
| 773 | 0 | |t Studies in Nonlinear Dynamics & Econometrics |d De Gruyter |g 7/1(2003-04-24) |q 7:1 |1 2003 |2 7 |o snde | |
| 856 | 4 | 0 | |u https://doi.org/10.2202/1558-3708.1131 |q text/html |z Onlinezugriff via DOI |
| 908 | |D 1 |a research article |2 jats | ||
| 950 | |B NATIONALLICENCE |P 856 |E 40 |u https://doi.org/10.2202/1558-3708.1131 |q text/html |z Onlinezugriff via DOI | ||
| 950 | |B NATIONALLICENCE |P 700 |E 1- |a Driffill |D John |u University of London |4 aut | ||
| 950 | |B NATIONALLICENCE |P 700 |E 1- |a Raybaudi |D Marzia |u University of Birmingham |4 aut | ||
| 950 | |B NATIONALLICENCE |P 700 |E 1- |a Sola |D Martin |u University of London and Universidad Torcuato Di Tella, msola@econ.bbk.ac.uk |4 aut | ||
| 950 | |B NATIONALLICENCE |P 773 |E 0- |t Studies in Nonlinear Dynamics & Econometrics |d De Gruyter |g 7/1(2003-04-24) |q 7:1 |1 2003 |2 7 |o snde | ||
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