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(In)Flexibility and the level of output: a word of caution

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  • Eeckhoudt, Louis
  • Treich, Nicolas

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  • Eeckhoudt, Louis & Treich, Nicolas, 1999. "(In)Flexibility and the level of output: a word of caution," Economics Letters, Elsevier, vol. 63(3), pages 335-339, June.
    • Handle: RePEc:eee:ecolet:v:63:y:1999:i:3:p:335-339
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    References listed on IDEAS

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    1. Abel, Andrew B & Eberly, Janice C, 1994. "A Unified Model of Investment under Uncertainty," American Economic Review, American Economic Association, vol. 84(5), pages 1369-1384, December.
    2. 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.
    3. Robert A. Jones & Joseph M. Ostroy, 1984. "Flexibility and Uncertainty," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 51(1), pages 13-32.
    4. Louis Eeckhoudt & Christian Gollier & Harris Schlesinger, 1995. "The Risk-Averse (and Prudent) Newsboy," Management Science, INFORMS, vol. 41(5), pages 786-794, May.
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    Cited by:

    1. Louis Eeckhoudt & Nicolas Treich, 2003. "Adjustment Costs, Uncertainty, and the Level of Activity," Southern Economic Journal, John Wiley & Sons, vol. 69(4), pages 990-999, April.

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