Does public investment reduce private investment risk ? A real option approach
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More about this item
Keywords
irreversible investment; public capital; uncertainty;All these keywords.
JEL classification:
- E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
- H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
NEP fields
This paper has been announced in the following NEP Reports:- NEP-FIN-2003-05-15 (Finance)
- NEP-MAC-2003-05-15 (Macroeconomics)
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