Project Details
Description
In a dynamic programming framework, we investigate the optimal timing of technology adoption of the firm. We stress the irreversibility of the investment decision, and the ongoing uncertainty of the economic environment in which such decisions are made.
| Short title | Optimal timing of technology adoption |
|---|---|
| Status | Finished |
| Effective start/end date | 1/01/97 → 1/01/01 |
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