A Knightian irreversible investment problem
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DOI: 10.1016/j.jmaa.2021.125744
Abstract: In this paper, we study an irreversible investment problem under Knightian uncertainty. In a general framework, in which Knightian uncertainty is modeled through a set of multiple priors, we prove existence and uniqueness of the… read more here.
Keywords: problem knightian; investment; investment problem; knightian uncertainty ... See more keywords