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dc.contributor.authorTsai, Yingyien_US
dc.contributor.authorWu, Ching-Tangen_US
dc.date.accessioned2014-12-08T15:20:02Z-
dc.date.available2014-12-08T15:20:02Z-
dc.date.issued2009-03-01en_US
dc.identifier.issn0038-2280en_US
dc.identifier.urihttp://dx.doi.org/10.1111/j.1813-6982.2009.01197.xen_US
dc.identifier.urihttp://hdl.handle.net/11536/14187-
dc.description.abstractThis paper studies the role of production mode in determining the effects of an increase in uncertainty on the choice of investment outlay. In a continuous-time model of optimal capital investment with innovative R&D under demand uncertainty, we show that investments in both capital and innovative research decrease with an increase in uncertainty, and that such investments rise with the level of primary demand. Our result sheds light on the mode of production as a source of the negative investment-uncertainty relationship.en_US
dc.language.isoen_USen_US
dc.subjectD24en_US
dc.subjectD40en_US
dc.subjectD81en_US
dc.subjectD92en_US
dc.subjectE22en_US
dc.subjectL23en_US
dc.subjectR&Den_US
dc.subjectcapital investmenten_US
dc.subjectuncertaintyen_US
dc.titleINTEGRATED PRODUCTION AND THE INVESTMENT-UNCERTAINTY RELATIONSHIPen_US
dc.typeArticleen_US
dc.identifier.doi10.1111/j.1813-6982.2009.01197.xen_US
dc.identifier.journalSOUTH AFRICAN JOURNAL OF ECONOMICSen_US
dc.citation.volume77en_US
dc.citation.issue1en_US
dc.citation.spage102en_US
dc.citation.epage112en_US
dc.contributor.department應用數學系zh_TW
dc.contributor.departmentDepartment of Applied Mathematicsen_US
dc.identifier.wosnumberWOS:000264788000006-
dc.citation.woscount1-
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