Synergies and investment decisions

Masao Nakagawa

Research output: Contribution to journalArticlepeer-review

1 Citation (Scopus)


I examine optimal investment policies when there are synergies between two investment projects, in that joint operation reduces operating costs. These synergies create interactions between two investments projects, therefore two investments decisions can't be determined separately. These interactions suggest that decisions of conglomerate firms may be rational.

Original languageEnglish
JournalEconomics Bulletin
Issue number5
Publication statusPublished - 2007 Mar 28

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)


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