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Načasovanie diskrétnej voľby v teórii investovania
[Timing of the Discrete Choices in Investment Theory]

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  • Lojschova, Adriana

Abstract

Many economic studies address the issue of behavior of a single representative agent or a firm. Therefore, it is important to study what happens if we aggregate the agents/firms, do they keep the same behavior patterns? The aim of this study is to construct a macroeconomic model that deals with the implementation of decisions in the theory of investment. Our focus is mainly on the timing of the economic activities of agents (we are looking at both economic entities: households-consumers and business-entrepreneurs). In particular, we investigate when is the best time to implement innovations, i.e. either to introduce them immediately or delay them.

Suggested Citation

  • Lojschova, Adriana, 2001. "Načasovanie diskrétnej voľby v teórii investovania [Timing of the Discrete Choices in Investment Theory]," MPRA Paper 91787, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:91787
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    References listed on IDEAS

    as
    1. Shleifer, Andrei, 1986. "Implementation Cycles," Journal of Political Economy, University of Chicago Press, vol. 94(6), pages 1163-1190, December.
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    More about this item

    Keywords

    investment theory;

    JEL classification:

    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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