caa a22 4500 378872478 CHVBK 20180305123412.0 cr unu---uuuuu 161128e20030424xx s 000 0 eng 10.2202/1558-3708.1131 doi (NATIONALLICENCE)gruyter-10.2202/1558-3708.1131 Investment Under Uncertainty with Stochastically Switching Profit Streams: Entry and Exit over the Business Cycle [Elektronische Daten] [John Driffill, Marzia Raybaudi, Martin Sola] 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. ©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston Driffill John University of London aut Raybaudi Marzia University of Birmingham aut Sola Martin University of London and Universidad Torcuato Di Tella, msola@econ.bbk.ac.uk aut Studies in Nonlinear Dynamics & Econometrics De Gruyter 7/1(2003-04-24) 7:1 2003 7 snde https://doi.org/10.2202/1558-3708.1131 text/html Onlinezugriff via DOI 1 research article jats NATIONALLICENCE 856 40 https://doi.org/10.2202/1558-3708.1131 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Driffill John University of London aut NATIONALLICENCE 700 1- Raybaudi Marzia University of Birmingham aut NATIONALLICENCE 700 1- Sola Martin University of London and Universidad Torcuato Di Tella, msola@econ.bbk.ac.uk aut NATIONALLICENCE 773 0- Studies in Nonlinear Dynamics & Econometrics De Gruyter 7/1(2003-04-24) 7:1 2003 7 snde CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-gruyter