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Decisiones de inversión y abandono de inversiones en contextos de agregación imperfecta de información

Author

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  • José Pablo Dapena

Abstract

La tradicional regla marshalliana de inversión (o abandono) cuando un activo vale mas (menos) que una inversión alternativa es modificada en situaciones de incertidumbre e irreversibilidad, generando un componente de opción. Adicionalmente, la interacción de varios participantes en una economía propietarios de oportunidades de inversión (o abandono) puede dar origen con información imperfecta y asimétrica a cascadas informacionales o comportamientos de manada, con potenciales efectos de sobre o subinversión en un caso, y abandono tardío o prematuro en el otro, dado que el set individual de información es inferido a partir de las decisiones de inversión o abandono efectivamente manifestadas. En el presente artículo se desarrolla un modelo que captura esos efectos dando lugar a consideraciones acerca del grado de dispersión de la

Suggested Citation

  • José Pablo Dapena, 2006. "Decisiones de inversión y abandono de inversiones en contextos de agregación imperfecta de información," CEMA Working Papers: Serie Documentos de Trabajo. 321, Universidad del CEMA.
    • Handle: RePEc:cem:doctra:321
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    File URL: https://www.ucema.edu.ar/publicaciones/download/documentos/321.pdf
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    More about this item

    Keywords

    opciones reales; mercado de capitales; inversión; agregación.;
    All these keywords.

    JEL classification:

    • G00 - Financial Economics - - General - - - General
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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