{"id":"https://openalex.org/W3121924945","doi":"https://doi.org/10.1007/s00780-010-0131-y","title":"On irreversible investment","display_name":"On irreversible investment","publication_year":2010,"publication_date":"2010-08-19","ids":{"openalex":"https://openalex.org/W3121924945","doi":"https://doi.org/10.1007/s00780-010-0131-y","mag":"3121924945"},"language":"en","primary_location":{"id":"doi:10.1007/s00780-010-0131-y","is_oa":false,"landing_page_url":"https://doi.org/10.1007/s00780-010-0131-y","pdf_url":null,"source":{"id":"https://openalex.org/S172526255","display_name":"Finance and Stochastics","issn_l":"0949-2984","issn":["0949-2984","1432-1122"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Finance and Stochastics","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5001336776","display_name":"Frank Riedel","orcid":"https://orcid.org/0000-0002-4291-6610"},"institutions":[{"id":"https://openalex.org/I20121455","display_name":"Bielefeld University","ror":"https://ror.org/02hpadn98","country_code":"DE","type":"education","lineage":["https://openalex.org/I20121455"]}],"countries":["DE"],"is_corresponding":true,"raw_author_name":"Frank Riedel","raw_affiliation_strings":["Institute of Mathematical Economics, Bielefeld University, Postfach, 33602, Bielefeld, Germany"],"affiliations":[{"raw_affiliation_string":"Institute of Mathematical Economics, Bielefeld University, Postfach, 33602, Bielefeld, Germany","institution_ids":["https://openalex.org/I20121455"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5112601274","display_name":"Xia Su","orcid":null},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Xia Su","raw_affiliation_strings":["GRA RMT Model Validation Rates, Commerzbank AG, Theodor-Heuss-Allee 44-46, 60301, Frankfurt, Germany"],"affiliations":[{"raw_affiliation_string":"GRA RMT Model Validation Rates, Commerzbank AG, Theodor-Heuss-Allee 44-46, 60301, Frankfurt, Germany","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5001336776"],"corresponding_institution_ids":["https://openalex.org/I20121455"],"apc_list":{"value":2290,"currency":"EUR","value_usd":2890},"apc_paid":null,"fwci":37.9378,"has_fulltext":false,"cited_by_count":156,"citation_normalized_percentile":{"value":0.99646589,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":94,"max":100},"biblio":{"volume":"15","issue":"4","first_page":"607","last_page":"633"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9986000061035156,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9986000061035156,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9980999827384949,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10471","display_name":"Climate Change Policy and Economics","score":0.9926000237464905,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/comparative-statics","display_name":"Comparative statics","score":0.8241614103317261},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.6660507917404175},{"id":"https://openalex.org/keywords/mathematical-economics","display_name":"Mathematical economics","score":0.6083468794822693},{"id":"https://openalex.org/keywords/investment","display_name":"Investment (military)","score":0.5730289220809937},{"id":"https://openalex.org/keywords/mathematical-finance","display_name":"Mathematical finance","score":0.5381293296813965},{"id":"https://openalex.org/keywords/monotone-polygon","display_name":"Monotone polygon","score":0.5107076168060303},{"id":"https://openalex.org/keywords/monotonic-function","display_name":"Monotonic function","score":0.4977734386920929},{"id":"https://openalex.org/keywords/general-equilibrium-theory","display_name":"General equilibrium theory","score":0.4934209883213043},{"id":"https://openalex.org/keywords/profit","display_name":"Profit (economics)","score":0.4871625602245331},{"id":"https://openalex.org/keywords/investment-policy","display_name":"Investment policy","score":0.47342780232429504},{"id":"https://openalex.org/keywords/shock","display_name":"Shock (circulatory)","score":0.46336695551872253},{"id":"https://openalex.org/keywords/base","display_name":"Base (topology)","score":0.43234705924987793},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.42554229497909546},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.3846823275089264},{"id":"https://openalex.org/keywords/mathematical-optimization","display_name":"Mathematical optimization","score":0.37843936681747437},{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.13732892274856567},{"id":"https://openalex.org/keywords/mathematical-analysis","display_name":"Mathematical analysis","score":0.08609282970428467}],"concepts":[{"id":"https://openalex.org/C48875124","wikidata":"https://www.wikidata.org/wiki/Q1416996","display_name":"Comparative statics","level":2,"score":0.8241614103317261},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6660507917404175},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.6083468794822693},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.5730289220809937},{"id":"https://openalex.org/C93373587","wikidata":"https://www.wikidata.org/wiki/Q335632","display_name":"Mathematical finance","level":2,"score":0.5381293296813965},{"id":"https://openalex.org/C2834757","wikidata":"https://www.wikidata.org/wiki/Q4925424","display_name":"Monotone polygon","level":2,"score":0.5107076168060303},{"id":"https://openalex.org/C72169020","wikidata":"https://www.wikidata.org/wiki/Q194404","display_name":"Monotonic function","level":2,"score":0.4977734386920929},{"id":"https://openalex.org/C103382277","wikidata":"https://www.wikidata.org/wiki/Q282640","display_name":"General equilibrium theory","level":2,"score":0.4934209883213043},{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.4871625602245331},{"id":"https://openalex.org/C2779228913","wikidata":"https://www.wikidata.org/wiki/Q12281732","display_name":"Investment policy","level":3,"score":0.47342780232429504},{"id":"https://openalex.org/C2781300812","wikidata":"https://www.wikidata.org/wiki/Q178061","display_name":"Shock (circulatory)","level":2,"score":0.46336695551872253},{"id":"https://openalex.org/C42058472","wikidata":"https://www.wikidata.org/wiki/Q810214","display_name":"Base (topology)","level":2,"score":0.43234705924987793},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.42554229497909546},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.3846823275089264},{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.37843936681747437},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.13732892274856567},{"id":"https://openalex.org/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.08609282970428467},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.0},{"id":"https://openalex.org/C126322002","wikidata":"https://www.wikidata.org/wiki/Q11180","display_name":"Internal medicine","level":1,"score":0.0},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C71924100","wikidata":"https://www.wikidata.org/wiki/Q11190","display_name":"Medicine","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1007/s00780-010-0131-y","is_oa":false,"landing_page_url":"https://doi.org/10.1007/s00780-010-0131-y","pdf_url":null,"source":{"id":"https://openalex.org/S172526255","display_name":"Finance and Stochastics","issn_l":"0949-2984","issn":["0949-2984","1432-1122"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Finance and Stochastics","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:spr:finsto:v:15:y:2011:i:4:p:607-633","is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1007/s00780-010-0131-y","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":56,"referenced_works":["https://openalex.org/W1487521146","https://openalex.org/W1509668884","https://openalex.org/W1523509543","https://openalex.org/W1523745222","https://openalex.org/W1534474043","https://openalex.org/W1538134105","https://openalex.org/W1539963493","https://openalex.org/W1582563599","https://openalex.org/W1606529381","https://openalex.org/W1970858804","https://openalex.org/W1972180129","https://openalex.org/W1976984865","https://openalex.org/W1980091935","https://openalex.org/W1985083316","https://openalex.org/W1991437092","https://openalex.org/W1994858552","https://openalex.org/W1995442741","https://openalex.org/W1995503011","https://openalex.org/W1995522593","https://openalex.org/W2004631194","https://openalex.org/W2027874533","https://openalex.org/W2040121361","https://openalex.org/W2044141035","https://openalex.org/W2045665199","https://openalex.org/W2047948346","https://openalex.org/W2065699488","https://openalex.org/W2066225443","https://openalex.org/W2069017184","https://openalex.org/W2089556049","https://openalex.org/W2090069585","https://openalex.org/W2095205273","https://openalex.org/W2098876864","https://openalex.org/W2137378220","https://openalex.org/W2138540172","https://openalex.org/W2156374236","https://openalex.org/W2161413792","https://openalex.org/W2168573415","https://openalex.org/W2172108895","https://openalex.org/W2314709380","https://openalex.org/W2355338092","https://openalex.org/W2500516842","https://openalex.org/W2890465795","https://openalex.org/W3121413553","https://openalex.org/W3122762185","https://openalex.org/W3123603774","https://openalex.org/W3123821384","https://openalex.org/W3124580288","https://openalex.org/W3124660211","https://openalex.org/W3125317214","https://openalex.org/W3126061707","https://openalex.org/W4206932883","https://openalex.org/W4233367026","https://openalex.org/W4235708440","https://openalex.org/W4245061847","https://openalex.org/W4250637892","https://openalex.org/W4365787967"],"related_works":["https://openalex.org/W4206547116","https://openalex.org/W3206608063","https://openalex.org/W2086961664","https://openalex.org/W3151832763","https://openalex.org/W2364722424","https://openalex.org/W1987829387","https://openalex.org/W2139926592","https://openalex.org/W2009581305","https://openalex.org/W1547321056","https://openalex.org/W1982635124"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":4},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":7},{"year":2021,"cited_by_count":14},{"year":2020,"cited_by_count":6},{"year":2019,"cited_by_count":5},{"year":2018,"cited_by_count":6},{"year":2017,"cited_by_count":11},{"year":2016,"cited_by_count":7},{"year":2015,"cited_by_count":10},{"year":2014,"cited_by_count":15},{"year":2013,"cited_by_count":10},{"year":2012,"cited_by_count":7}],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}