Detail Differential Information, Monopolistic Compensation, and Investment   Oleh:  Nishimura, Kiyohiko G. Jenis: Article from Bulletin/Magazine Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 32 no. 4 (1991), page 809-822. Topik: investment; information; monopolistic competition; investment Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: II49.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel The behavior of investment in a monopolistically competitive industry is investigated under the assumption of imperfect information about the average investment. Firms' profits are affected by productivity shocks. These shocks consist of two types of disturbances, industry - wide and idiosyncratic ones. The main results are : (1) Investment under imperfect information is more volatile than that under perfect information if firms can observe their own productivity conditions (but not their components). (2) Increased competition always destabilizes investment and raises its volatility. The "rigidity" of rational expectations plays a crucial role. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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