Working Papers: Recent submissions

Now showing items 160-162 of 334

    • Irreversibility, uncertainty and investment 

      Pindyck, Robert S. (MIT Center for Energy and Environmental Policy Research, 1990)
      Most investment expenditures have two important characteristics. First, they are largely irreversible; the firm cannot disinvest, so the expenditures are sunk costs. Second, they can be delayed, allowing ...

    • Energy use, technical progress and productivity growth : a survey of economic issues 

      Berndt, Ernst R. (MIT Center for Energy and Environmental Policy Research, 1990)
      This is a survey paper for non-specialists on interactions between energy and productivity growth. The first half of the paper surveys the general economic literature linking technical progress to realized gains in ...

    • Inventories and the short-run dynamics of commodity prices 

      Pindyck, Robert S. (MIT Center for Energy and Environmental Policy Research, 1990)
      I examine the behavior of inventories and their role in the short-run dynamics of commodity production and price. Competitive producers of a storable commodity react to price changes by balancing costs of changing production ...