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IRREVERSIBILITY, UNCERTAINTY,AND INVESTMENTby Robert S. Pindyck Massachusetts Institute of TechnologyWP#313790EFAMarch 1990IRREVERSIBILITY.UNCERTAINTY.AND INVESTMENT*by Robert S. Pindyck Massachusetts Institute of Technology Cambridge, MA 02139March 1990My thanks to Prabhat Mehta for his research assistance, Corbo, Robert McDonald, John Pencavel, Louis Serven, and Financial support for helpful comments and suggestions. M.I.T.\'s Center for Energy Policy Research, by the World National Science...
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