IDEAS home Printed from https://ideas.repec.org/p/tiu/tiutis/ae6c140b-39b8-4451-8798-f9d028ed08f2.html
   My bibliography  Save this paper

Optimal dynamic investment policies under concave-convex adjustment costs

Author

Listed:
  • Kort, P.M.

    (Tilburg University, School of Economics and Management)

  • Jorgensen, S.

Abstract

No abstract is available for this item.

Suggested Citation

  • Kort, P.M. & Jorgensen, S., 1993. "Optimal dynamic investment policies under concave-convex adjustment costs," Other publications TiSEM ae6c140b-39b8-4451-8798-f, Tilburg University, School of Economics and Management.
  • Handle: RePEc:tiu:tiutis:ae6c140b-39b8-4451-8798-f9d028ed08f2
    as

    Download full text from publisher

    File URL: https://pure.uvt.nl/ws/portalfiles/portal/653850/27736_7411.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. 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.
    2. Skiba, A K, 1978. "Optimal Growth with a Convex-Concave Production Function," Econometrica, Econometric Society, vol. 46(3), pages 527-539, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Michail Chronopoulos & Verena Hagspiel & Stein-Erik Fleten, 2017. "Stepwise investment and capacity sizing under uncertainty," OR Spectrum: Quantitative Approaches in Management, Springer;Gesellschaft für Operations Research e.V., vol. 39(2), pages 447-472, March.
    2. Batabyal, Sourav & Robinson, Richard, 2017. "Capital change and stability when dividends convey signals," The Quarterly Review of Economics and Finance, Elsevier, vol. 65(C), pages 158-167.
    3. Zhang, Jie & Quigley, Neil & Evans, Lewis, 2000. "An Essay on the Concept of Dynamic Efficiency and its Implications for Assessments of the Benefits from Regulation and Price Control," Working Paper Series 3911, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    4. Liski, Matti & Kort, Peter M. & Novak, Andreas, 2001. "Increasing returns and cycles in fishing," Resource and Energy Economics, Elsevier, vol. 23(3), pages 241-258, July.
    5. Domenico De Giovanni & Fabio Lamantia, 2018. "Dynamic Harvesting Under Imperfect Catch Control," Journal of Optimization Theory and Applications, Springer, vol. 176(1), pages 252-267, January.
    6. Haunschmied, Josef L. & Kort, Peter M. & Hartl, Richard F. & Feichtinger, Gustav, 2003. "A DNS-curve in a two-state capital accumulation model: a numerical analysis," Journal of Economic Dynamics and Control, Elsevier, vol. 27(4), pages 701-716, February.
    7. Appelbaum, Elie & Harris, Richard G, 1978. "Optimal Capital Policy with Bounded Investment Plans," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 19(1), pages 103-114, February.
    8. Richard Hartl & Peter Kort, 2010. "Delay in finite time capital accumulation," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 18(4), pages 465-475, December.
    9. Zhang, Jie & Quigley, Neil & Evans, Lewis, 2000. "An Essay on the Concept of Dynamic Efficiency and its Implications for Assessments of the Benefits from Regulation and Price Control," Working Paper Series 19010, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    10. Lundgren, Tommy & Sjostrom, Magnus, 2001. "A flexible specification of adjustment costs in dynamic factor demand models," Economics Letters, Elsevier, vol. 72(2), pages 145-150, August.
    11. R. F. Hartl & P. M. Kort & G. Feichtinger & F. Wirl, 2004. "Multiple Equilibria and Thresholds Due to Relative Investment Costs," Journal of Optimization Theory and Applications, Springer, vol. 123(1), pages 49-82, October.
    12. Sjöström, Magnus, 2004. "Factor Demand and Market Power," Umeå Economic Studies 633, Umeå University, Department of Economics.
    13. repec:vuw:vuwscr:19010 is not listed on IDEAS
    14. Dockner, Engelbert J. & Hartl, Richard F. & Kort, Peter M., 2019. "Dynamic capital structure choice and investment timing," Journal of Economic Dynamics and Control, Elsevier, vol. 102(C), pages 70-80.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ngo Long & Horst Siebert, 1992. "A model of the socialist firm in transition to a market economy," Journal of Economics, Springer, vol. 56(1), pages 1-21, February.
    2. Azariadis, Costas & Stachurski, John, 2005. "Poverty Traps," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 5, Elsevier.
    3. Dawid, Herbert & Kopel, Michael, 1997. "On the Economically Optimal Exploitation of a Renewable Resource: The Case of a Convex Environment and a Convex Return Function," Journal of Economic Theory, Elsevier, vol. 76(2), pages 272-297, October.
    4. Francesco Bartaloni, 2021. "Existence of the Optimum in Shallow Lake Type Models with Hysteresis Effect," Journal of Optimization Theory and Applications, Springer, vol. 190(2), pages 358-392, August.
    5. Poterba, James M. & Summers, Lawrence H., 1983. "Dividend taxes, corporate investment, and `Q'," Journal of Public Economics, Elsevier, vol. 22(2), pages 135-167, November.
    6. Anthony N. Rezitis & A. Blake Brown & William E. Foster, 1998. "Adjustment costs and dynamic factor demands for U.S. cigarette manufacturing," Agricultural Economics, International Association of Agricultural Economists, vol. 18(3), pages 217-231, May.
    7. Gerhard Sorger, 1997. "Markov-perfect Nash equilibria in a class of resource games," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 11(1), pages 79-100.
    8. Philip L. Brock, 2009. "Collateral Constraints and Macroeconomic Adjustment in an Open Economy," Working Papers UWEC-2009-03, University of Washington, Department of Economics.
    9. Ranjan, Ram & Shortle, James, 2007. "The environmental Kuznets curve when the environment exhibits hysteresis," Ecological Economics, Elsevier, vol. 64(1), pages 204-215, October.
    10. Razin, Assaf & Sadka, Efraim & Coury, Tarek, 2003. "Trade openness, investment instability and terms-of-trade volatility," Journal of International Economics, Elsevier, vol. 61(2), pages 285-306, December.
    11. Zeiler, I. & Caulkins, J.P. & Tragler, G., 2011. "Optimal control of interacting systems with DNSS property: The case of illicit drug use," Journal of Economic Behavior & Organization, Elsevier, vol. 78(1), pages 60-73.
    12. Dasgupta, Partha, 2000. "Valuation and Evaluation: Measuring the Quality of Life and Evaluating Public Policy," RFF Working Paper Series dp-00-24, Resources for the Future.
    13. Marcel Savioz, 1990. "Investment and Maintenance in the Aviation Industry," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 126(I), pages 17-38, March.
    14. Wagener, F.O.O., 2005. "Structural analysis of optimal investment for firms with non-concave revenue," Journal of Economic Behavior & Organization, Elsevier, vol. 57(4), pages 474-489, August.
    15. Horan, R.D. & Bulte, E.H., 2004. "Optimal and open access harvesting and multi-use species in a second best world," Other publications TiSEM 95000e50-7225-4f4d-aeaf-a, Tilburg University, School of Economics and Management.
    16. Gebreeyesus, Mulu, 2009. "Inactions and Spikes of Investment in Ethiopian Manufacturing Firms: Empirical Evidence on Irreversibility and Non-convexities," MERIT Working Papers 2009-061, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    17. Caballero, Ricardo J., 1999. "Aggregate investment," Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 12, pages 813-862, Elsevier.
    18. Greiner, Alfred & Feichtinger, Gustav & Haunschmied, Josef L. & Kort, Peter M. & Hartl, Richard F., 2001. "Optimal periodic development of a pollution generating tourism industry," European Journal of Operational Research, Elsevier, vol. 134(3), pages 582-591, November.
    19. Akihiko Yanase & Ngo Van Long & Ngo Van Long, 2020. "Trade Costs and Strategic Investment in Infrastructure in a Dynamic Global Economy with Symmetric Countries," CESifo Working Paper Series 8707, CESifo.
    20. Brito, Paulo B. & Costa, Luís F. & Dixon, Huw, 2013. "Non-smooth dynamics and multiple equilibria in a Cournot–Ramsey model with endogenous markups," Journal of Economic Dynamics and Control, Elsevier, vol. 37(11), pages 2287-2306.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tiu:tiutis:ae6c140b-39b8-4451-8798-f9d028ed08f2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Richard Broekman (email available below). General contact details of provider: https://www.tilburguniversity.edu/about/schools/economics-and-management/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.