Article ID Journal Published Year Pages File Type
10437945 Journal of Economic Behavior & Organization 2005 5 Pages PDF
Abstract
This paper shows that the solution of Nakamura's [Journal of Economic Behavior and Organization 38 (1999) 357] model is incorrect. We propose an alternative framework that allows us to obtain closed form results on the investment-uncertainty relationship.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Risk-aversion and the investment-uncertainty relationship: a comment
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