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Yishay D. Maoz
''Entry and exit under uncertainty in the presence of drift''
( 2003, Vol. 4 No.9 )
ing the results of Kongsted (1996) in the analysis in Dixit (1989) shows that the negative effect of uncertainty on entry and exit is maximal in the absence of drift.
JEL: D8 - Information, Knowledge, and Uncertainty: General
E2 - Macroeconomics: Consumption, Saving, Production, Employment, and Investment: General (includes Measurement and Data)
Manuscript Received : Jan 14 2003 Manuscript Accepted : Feb 14 2003

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