Fixed costs and long-lived investments

Investment Under Uncertainty.

Eduardo S. Schwartz, Avinash Dixit, Robert S. Pindyck · The Journal of Finance · 1994 · 9.9K citations

Business, Business Economics, Economics +16

The Impact of Uncertainty Shocks

Nicholas Bloom · Econometrica · 2009 · 5.7K citations

Social Sciences, Business Economics, Economics +16

Tobin's Marginal q and Average q: A Neoclassical Interpretation

Fumio Hayashi · Econometrica · 1982 · 2.8K citations

Social Sciences, Business Economics, Economics +7

Efficient Capital Markets, Inefficient Firms: A Model of Myopic Corporate Behavior

Jeremy C. Stein · The Quarterly Journal of Economics · 1989 · 2.7K citations

Business, Business Economics, Economics +15

Income and Wealth Heterogeneity in the Macroeconomy

Per Krusell, Anthony A. Smith · Journal of Political Economy · 1998 · 2.3K citations

Social Sciences, Economics, Econometrics +13