INTEGRATED PRODUCTION AND THE INVESTMENT-UNCERTAINTY RELATIONSHIP
| dc.citation.epage | 112 | en_US |
| dc.citation.issue | 1 | en_US |
| dc.citation.spage | 102 | en_US |
| dc.citation.volume | 77 | en_US |
| dc.citation.woscount | 1 | |
| dc.contributor.author | Tsai, Yingyi | en_US |
| dc.contributor.author | Wu, Ching-Tang | en_US |
| dc.contributor.department | 應用數學系 | zh_TW |
| dc.contributor.department | Department of Applied Mathematics | en_US |
| dc.date.accessioned | 2014-12-08T15:20:02Z | |
| dc.date.available | 2014-12-08T15:20:02Z | |
| dc.date.issued | 2009-03-01 | en_US |
| dc.description.abstract | This 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.identifier.doi | 10.1111/j.1813-6982.2009.01197.x | en_US |
| dc.identifier.issn | 0038-2280 | en_US |
| dc.identifier.journal | SOUTH AFRICAN JOURNAL OF ECONOMICS | en_US |
| dc.identifier.uri | http://dx.doi.org/10.1111/j.1813-6982.2009.01197.x | en_US |
| dc.identifier.uri | https://ir.lib.nycu.edu.tw/handle/11536/14187 | |
| dc.identifier.wosnumber | WOS:000264788000006 | |
| dc.language.iso | en_US | en_US |
| dc.subject | D24 | en_US |
| dc.subject | D40 | en_US |
| dc.subject | D81 | en_US |
| dc.subject | D92 | en_US |
| dc.subject | E22 | en_US |
| dc.subject | L23 | en_US |
| dc.subject | R&D | en_US |
| dc.subject | capital investment | en_US |
| dc.subject | uncertainty | en_US |
| dc.title | INTEGRATED PRODUCTION AND THE INVESTMENT-UNCERTAINTY RELATIONSHIP | en_US |
| dc.type | Article | en_US |