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A Simple Approach for Deciding When to Invest

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  • Jonathan B. Berk
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    File URL: http://www.aeaweb.org/articles.php?doi=10.1257/aer.89.5.1319
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    Bibliographic Info

    Article provided by American Economic Association in its journal American Economic Review.

    Volume (Year): 89 (1999)
    Issue (Month): 5 (December)
    Pages: 1319-1326

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    Handle: RePEc:aea:aecrev:v:89:y:1999:i:5:p:1319-1326

    Note: DOI: 10.1257/aer.89.5.1319
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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. LeRoy, Stephen F, 1996. "Mortgage Valuation under Optimal Prepayment," Review of Financial Studies, Society for Financial Studies, Society for Financial Studies, vol. 9(3), pages 817-44.
    2. Pindyck, Robert S., 1990. "Irreversibility, uncertainty, and investment," Working papers 3137-90., Massachusetts Institute of Technology (MIT), Sloan School of Management.
    3. Pindyck, Robert S., 1986. "Irreversible investment, capacity choice, and the value of the firm," Working papers 1802-86., Massachusetts Institute of Technology (MIT), Sloan School of Management.
    4. Titman, Sheridan, 1985. "Urban Land Prices under Uncertainty," American Economic Review, American Economic Association, American Economic Association, vol. 75(3), pages 505-14, June.
    5. Ingersoll, Jonathan E, Jr & Ross, Stephen A, 1992. "Waiting to Invest: Investment and Uncertainty," The Journal of Business, University of Chicago Press, vol. 65(1), pages 1-29, January.
    6. Stanton, Richard, 1995. "Rational Prepayment and the Valuation Mortgage-Backed Securities," Review of Financial Studies, Society for Financial Studies, Society for Financial Studies, vol. 8(3), pages 677-708.
    7. McDonald, Robert & Siegel, Daniel, 1986. "The Value of Waiting to Invest," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 101(4), pages 707-27, November.
    8. Brennan, Michael J & Schwartz, Eduardo S, 1985. "Evaluating Natural Resource Investments," The Journal of Business, University of Chicago Press, vol. 58(2), pages 135-57, April.
    9. Kenneth B. Dunn & Chester S. Spatt, 1999. "Call Options, Points, and Dominance Restrictions on Debt Contracts," Journal of Finance, American Finance Association, American Finance Association, vol. 54(6), pages 2317-2337, December.
    10. Bernanke, Ben S, 1983. "Irreversibility, Uncertainty, and Cyclical Investment," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 98(1), pages 85-106, February.
    11. Jonathan Berk & Richard C. Green & Vasant Naik, . "Optimal Investment, Growth Options and Security Returns," GSIA Working Papers, Carnegie Mellon University, Tepper School of Business 64, Carnegie Mellon University, Tepper School of Business.
    12. Cukierman, Alex, 1980. "The Effects of Uncertainty on Investment under Risk Neutrality with Endogenous Information," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 88(3), pages 462-75, June.
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    Cited by:
    1. Lubos Pastor & Pietro Veronesi, 2003. "Stock Prices and IPO Waves," NBER Working Papers 9858, National Bureau of Economic Research, Inc.
    2. Egli, Dominik & Ongena, Steven & Smith, David C., 2006. "On the sequencing of projects, reputation building, and relationship finance," Finance Research Letters, Elsevier, Elsevier, vol. 3(1), pages 23-39, March.
    3. William R. Emmons & Frank A. Schmid, 2004. "Monetary policy actions and the incentive to invest," Working Papers, Federal Reserve Bank of St. Louis 2004-018, Federal Reserve Bank of St. Louis.
    4. Paolo M. Panteghini, 2001. "Dual income taxation : the choice of the imputed rate of return," Finnish Economic Papers, Finnish Economic Association, Finnish Economic Association, vol. 14(1), pages 5-13, Spring.
    5. William R. Emmons & Frank A. Schmid, 2002. "Cracks in the facade: American economic and financial structures after the boom," Working Papers, Federal Reserve Bank of St. Louis 2002-026, Federal Reserve Bank of St. Louis.
    6. David E. Frame, 2008. "Regional Migration and House Price Appreciation," International Real Estate Review, Asian Real Estate Society, Asian Real Estate Society, vol. 11(1), pages 96-112.

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