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Entry and exit under uncertainty in the presence of drift

Author

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  • Yishay D. Maoz

    (Department of Economics, University of Haifa)

Abstract

ing 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.

Suggested Citation

  • Yishay D. Maoz, 2003. "Entry and exit under uncertainty in the presence of drift," Economics Bulletin, AccessEcon, vol. 4(9), pages 1-2.
    • Handle: RePEc:ebl:ecbull:eb-03d80002
    as

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    References listed on IDEAS

    as
    1. Dixit, Avinash K, 1989. "Entry and Exit Decisions under Uncertainty," Journal of Political Economy, University of Chicago Press, vol. 97(3), pages 620-638, June.
    2. Kongsted, Hans Christian, 1996. "Entry and exit decisions under uncertainty: The limiting deterministic case," Economics Letters, Elsevier, vol. 51(1), pages 77-82, April.
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    More about this item

    JEL classification:

    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment

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