Investment Decisions Under Uncertainty
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Investment Under Uncertainty
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Author : Robert K. Dixit
language : en
Publisher: Princeton University Press
Release Date : 2012-07-14
Investment Under Uncertainty written by Robert K. Dixit and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-07-14 with Business & Economics categories.
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.
The Investment Decision Under Uncertainty
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Author : Donald Eugene Farrar
language : en
Publisher:
Release Date : 1967
The Investment Decision Under Uncertainty written by Donald Eugene Farrar and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1967 with Capital investments categories.
Investment Decisions Under Uncertainty
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Author : Reginald Ansell Day Egerton
language : en
Publisher:
Release Date : 1960
Investment Decisions Under Uncertainty written by Reginald Ansell Day Egerton and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1960 with Hypothesis categories.
Financial Decision Making Under Uncertainty
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Author : ANDERSON ANDERSON WEBSTER
language : en
Publisher: Academic Press
Release Date : 2014-06-28
Financial Decision Making Under Uncertainty written by ANDERSON ANDERSON WEBSTER and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-06-28 with Business & Economics categories.
Financial Dec Making under Uncertainty
Stochastic Dominance
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Author : Haim Levy
language : en
Publisher: Springer Science & Business Media
Release Date : 2006-08-25
Stochastic Dominance written by Haim Levy and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-08-25 with Business & Economics categories.
This book is devoted to investment decision-making under uncertainty. The book covers three basic approaches to this process: the stochastic dominance approach; the mean-variance approach; and the non-expected utility approach, focusing on prospect theory and its modified version, cumulative prospect theory. Each approach is discussed and compared. In addition, this volume examines cases in which stochastic dominance rules coincide with the mean-variance rule and considers how contradictions between these two approaches may occur.
Investment Under Uncertainty
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Author : Robert K. Dixit
language : en
Publisher:
Release Date : 2012
Investment Under Uncertainty written by Robert K. Dixit and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
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 mad.
Investment Decisions Under Uncertainty
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Author : Michael J. Barron
language : en
Publisher:
Release Date : 1971
Investment Decisions Under Uncertainty written by Michael J. Barron and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1971 with categories.
Investment Decisions Under Uncertainty And Competition
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Author : Alcino Azevedo
language : en
Publisher:
Release Date : 2009
Investment Decisions Under Uncertainty And Competition written by Alcino Azevedo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
Investment Under Uncertainty Coalition Spillovers And Market Evolution In A Game Theoretic Perspective
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Author : J.H.H Thijssen
language : en
Publisher: Springer Science & Business Media
Release Date : 2006-04-11
Investment Under Uncertainty Coalition Spillovers And Market Evolution In A Game Theoretic Perspective written by J.H.H Thijssen and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-04-11 with Business & Economics categories.
Two crucial aspects of economic reality are uncertainty and dynamics. In this book, new models and techniques are developed to analyse economic dynamics in an uncertain environment. In the first part, investment decisions of firms are analysed in a framework where imperfect information regarding the investment's profitability is obtained randomly over time. In the second part, a new class of cooperative games, spillover games, is developed and applied to a particular investment problem under uncertainty: mergers. In the third part, the effect of bounded rationality on market evolution is analysed for oligopolistic competition and incomplete financial markets.
Real Options And Investment Under Uncertainty
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Author : Eduardo S. Schwartz
language : en
Publisher: MIT Press
Release Date : 2004
Real Options And Investment Under Uncertainty written by Eduardo S. Schwartz and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Business & Economics categories.
The study of investment under uncertainty was stagnant for several decades until developments in real options revitalized the field. The topics covered in this book include the reasons behind the under-investment programme.
