Technical Change, Uncertainty, and Investment
研究风险中性企业在实际工资和技术知识存量未来演变不确定时的投资动态，构建了带有准固定、要素增强型外生技术变革的调整成本企业模型，通过随机动态比较分析评估工资和技术变革不确定性对投资行为的影响。
Abstract The expected investment dynamics of the risk‐neutral firm is examined in the presence of uncertainty in the future evolution of the real wage and the stock of technical knowledge. A model of the adjustment cost firm is developed that is characterized by quasi‐fixed, factor‐augmenting technical change that is taken exogenously by the firm. The effect of wage and technical change uncertainty on investment behavior is assessed using comparative stochastic dynamic analysis.