Entry and exit under uncertainty in the presence of drift

Research output: Contribution to journalArticlepeer-review

Abstract

Inserting the results of Kongsted (1996) in the analysis in Dixit (1989) shows that the negative effect of uncertainty on entry and exit is maximal in the absence of drift.

Original languageEnglish
JournalEconomics Bulletin
Volume4
Issue number1
StatePublished - 2003
Externally publishedYes

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