Arbeitspapier
Investment and sector-specific capital: A dynamic approach to incomplete factor mobility
Since static models of partial factor mobility cannot be interpreted dynamically to explain factor accumulation and reallocation over time this model analyzes incomplete factor mobility as a problem of investment theory in a dynamic context. Convex costs of adjustment generate finite investment demand and finite speed of adjustment to exogenous shocks. A two-sector version of the dynamic theory of the firm is developed and incorporated in a small open economy model. The comparative static results of this model are derived for the cases of international mobile and international immobile financial capital, where the latter case calls for numerical simulations to get some more insights in the comparative static behaviour.
- Language
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Englisch
- Bibliographic citation
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Series: Diskussionsbeiträge - Serie II ; No. 95
- Classification
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Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Meckl, Jürgen
- Event
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Veröffentlichung
- (who)
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Universität Konstanz, Sonderforschungsbereich 178 - Internationalisierung der Wirtschaft
- (where)
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Konstanz
- (when)
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1989
- Handle
- Last update
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10.03.2025, 11:41 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Meckl, Jürgen
- Universität Konstanz, Sonderforschungsbereich 178 - Internationalisierung der Wirtschaft
Time of origin
- 1989
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Investment and sector-specific capital : a dynamic approach to incomplete factor mobility
Incomplete contracts in dynamic procurement
Incomplete contracts in dynamic games
Incomplete contracts in dynamic procurement
Incomplete markets and parental investments in children
Estimating dynamic discrete-choice games of incomplete information
Corporate investment behavior with incomplete information : three essays
Investment incentives under asymmetric information and incomplete contracts
Dynamic consistency in incomplete information games with multiple priors
Dynamic Consistency in Incomplete Information Games with Multiple Priors
An optimal investment strategy for insurers in incomplete markets