A
Andrew B. Abel
Researcher at University of Pennsylvania
Publications - 163
Citations - 16339
Andrew B. Abel is an academic researcher from University of Pennsylvania. The author has contributed to research in topics: Investment (macroeconomics) & Capital (economics). The author has an hindex of 55, co-authored 162 publications receiving 15868 citations. Previous affiliations of Andrew B. Abel include University of Chicago & Massachusetts Institute of Technology.
Papers
More filters
Posted Content
Asset Prices Under Habit Formation and Catching Up with the Joneses
Andrew B. Abel,Andrew B. Abel +1 more
TL;DR: In this article, the authors introduce a utility function that nests three classes of utility functions: (1) time-separable utility functions, (2) "catching up with the Joneses" utility functions that depend on the consumer's level of consumption relative to the lagged cross-sectional average level, and (3) utility functions displaying habit formation.
ReportDOI
Asset Prices under Habit Formation and Catching Up with the Joneses
TL;DR: In this paper, the authors introduce a utility function that nests three classes of utility functions: (1) time-separable utility functions, (2) "catching up with the Joneses" utility functions that depend on the consumer's level of consumption relative to the lagged cross-sectional average level, and (3) utility functions displaying habit formation.
Posted Content
Optimal Investment under Uncertainty.
TL;DR: In this article, the authors examined the effect of output price uncertainty on the investment decision of a risk-neutral competitive firm which faces convex costs of adjustment and showed that Hartman's results continue to hold using Pindyck's stochastic specification.
Posted Content
A Unified Model of Investment Under Uncertainty
TL;DR: In this article, the authors extend the theory of investment under uncertainty to incorporate fixed costs of investment, a wedge between the purchase price and sale price of capital, and potential irreversibility of investment.
ReportDOI
A Unified Model of Investment Under Uncertainty
Andrew B. Abel,Janice C. Eberly +1 more
TL;DR: In this article, the authors extend the theory of investment under uncertainty to incorporate fixed costs of investment, a wedge between the purchase price and sale price of capital, and potential irreversibility of investment.