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Optimal dynamic investment policies under concave-convex adjustment costs

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  • Jorgensen, Steffen
  • Kort, Peter M.

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  • Jorgensen, Steffen & Kort, Peter M., 1993. "Optimal dynamic investment policies under concave-convex adjustment costs," Journal of Economic Dynamics and Control, Elsevier, vol. 17(1-2), pages 153-180.
    • Handle: RePEc:eee:dyncon:v:17:y:1993:i:1-2:p:153-180
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    References listed on IDEAS

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    1. Michael Rothschild, 1971. "On the Cost of Adjustment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 85(4), pages 605-622.
    2. Skiba, A K, 1978. "Optimal Growth with a Convex-Concave Production Function," Econometrica, Econometric Society, vol. 46(3), pages 527-539, May.
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    Cited by:

    1. Michail Chronopoulos & Verena Hagspiel & Stein-Erik Fleten, 2017. "Stepwise investment and capacity sizing under uncertainty," OR Spectrum: Quantitative Approaches in Management, Springer;Gesellschaft für Operations Research e.V., vol. 39(2), pages 447-472, March.
    2. Batabyal, Sourav & Robinson, Richard, 2017. "Capital change and stability when dividends convey signals," The Quarterly Review of Economics and Finance, Elsevier, vol. 65(C), pages 158-167.
    3. Richard Hartl & Peter Kort, 2010. "Delay in finite time capital accumulation," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 18(4), pages 465-475, December.
    4. Liski, Matti & Kort, Peter M. & Novak, Andreas, 2001. "Increasing returns and cycles in fishing," Resource and Energy Economics, Elsevier, vol. 23(3), pages 241-258, July.
    5. Zhang, Jie & Quigley, Neil & Evans, Lewis, 2000. "An Essay on the Concept of Dynamic Efficiency and its Implications for Assessments of the Benefits from Regulation and Price Control," Working Paper Series 3911, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    6. Domenico De Giovanni & Fabio Lamantia, 2018. "Dynamic Harvesting Under Imperfect Catch Control," Journal of Optimization Theory and Applications, Springer, vol. 176(1), pages 252-267, January.
    7. Haunschmied, Josef L. & Kort, Peter M. & Hartl, Richard F. & Feichtinger, Gustav, 2003. "A DNS-curve in a two-state capital accumulation model: a numerical analysis," Journal of Economic Dynamics and Control, Elsevier, vol. 27(4), pages 701-716, February.
    8. Appelbaum, Elie & Harris, Richard G, 1978. "Optimal Capital Policy with Bounded Investment Plans," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 19(1), pages 103-114, February.
    9. Zhang, Jie & Quigley, Neil & Evans, Lewis, 2000. "An Essay on the Concept of Dynamic Efficiency and its Implications for Assessments of the Benefits from Regulation and Price Control," Working Paper Series 19010, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    10. Lundgren, Tommy & Sjostrom, Magnus, 2001. "A flexible specification of adjustment costs in dynamic factor demand models," Economics Letters, Elsevier, vol. 72(2), pages 145-150, August.
    11. R. F. Hartl & P. M. Kort & G. Feichtinger & F. Wirl, 2004. "Multiple Equilibria and Thresholds Due to Relative Investment Costs," Journal of Optimization Theory and Applications, Springer, vol. 123(1), pages 49-82, October.
    12. Sjöström, Magnus, 2004. "Factor Demand and Market Power," Umeå Economic Studies 633, Umeå University, Department of Economics.
    13. repec:vuw:vuwscr:19010 is not listed on IDEAS
    14. Dockner, Engelbert J. & Hartl, Richard F. & Kort, Peter M., 2019. "Dynamic capital structure choice and investment timing," Journal of Economic Dynamics and Control, Elsevier, vol. 102(C), pages 70-80.

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