Investment under Uncertainty

preview-18
  • Investment under Uncertainty Book Detail

  • Author : Robert K. Dixit
  • Release Date : 2012-07-14
  • Publisher : Princeton University Press
  • Genre : Business & Economics
  • Pages : 484
  • ISBN 13 : 1400830176
  • File Size : 98,98 MB

Investment under Uncertainty by Robert K. Dixit PDF Summary

Book Description: How should firms decide whether and when to invest in new capital equipment, additions to their workforce, or the development of new products? Why have traditional economic models of investment failed to explain the behavior of investment spending in the United States and other countries? In this book, Avinash Dixit and Robert Pindyck provide the first detailed exposition of a new theoretical approach to the capital investment decisions of firms, stressing the irreversibility of most investment decisions, and the ongoing uncertainty of the economic environment in which these decisions are made. In so doing, they answer important questions about investment decisions and the behavior of investment spending. This new approach to investment recognizes the option value of waiting for better (but never complete) information. It exploits an analogy with the theory of options in financial markets, which permits a much richer dynamic framework than was possible with the traditional theory of investment. The authors present the new theory in a clear and systematic way, and consolidate, synthesize, and extend the various strands of research that have come out of the theory. Their book shows the importance of the theory for understanding investment behavior of firms; develops the implications of this theory for industry dynamics and for government policy concerning investment; and shows how the theory can be applied to specific industries and to a wide variety of business problems.

Disclaimer: www.yourbookbest.com does not own Investment under Uncertainty books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

Investment under Uncertainty

Investment under Uncertainty

File Size : 53,53 MB
Total View : 6017 Views
DOWNLOAD

How should firms decide whether and when to invest in new capital equipment, additions to their workforce, or the development of new products? Why have traditio

Investment Under Uncertainty

Investment Under Uncertainty

File Size : 28,28 MB
Total View : 2955 Views
DOWNLOAD

How should firms decide whether and when to invest in new capital equipment, additions to their workforce, or the development of new products? Why have traditio

Games of Strategy

Games of Strategy

File Size : 99,99 MB
Total View : 1518 Views
DOWNLOAD

A clear, comprehensive introduction to the study of game theory. In the fourth edition, new real-world examples and compelling end-of-chapter exercises engage s

Microeconomics

Microeconomics

File Size : 43,43 MB
Total View : 6549 Views
DOWNLOAD

The issues of microeconomics - including individuals' financial choices and firms' decisions about hiring and firing - have a large impact on the economic world