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Investment and Production: A Study in the Theory of the Capital-using Enterprise (Economic Studies): 117 (Harvard Economic Studies)
Vernon L. Smith
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Description for Investment and Production: A Study in the Theory of the Capital-using Enterprise (Economic Studies): 117 (Harvard Economic Studies)
hardcover. Series: Harvard Economic Studies. Num Pages: 352 pages, 70figs. BIC Classification: KJ. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 275 x 150 x 23. Weight in Grams: 544.
Developing a unified theory of production and investment, Vernon L. Smith explores the empirical and theoretical nature of the interdependence between “short-run” current account production decisions and “long-run” investment planning, taking into account such technological factors as equipment replacement. The book builds an explicit theory of production planning by integrating production, investment, and equipment replacement policy, derives the decision implications of the use of durable capital goods, and examines the production function concept and the production decision process in engineering design and in general business practice.
Developing a unified theory of production and investment, Vernon L. Smith explores the empirical and theoretical nature of the interdependence between “short-run” current account production decisions and “long-run” investment planning, taking into account such technological factors as equipment replacement. The book builds an explicit theory of production planning by integrating production, investment, and equipment replacement policy, derives the decision implications of the use of durable capital goods, and examines the production function concept and the production decision process in engineering design and in general business practice.
Product Details
Format
Hardback
Publication date
1974
Publisher
Harvard University Press United States
Number of pages
352
Condition
New
Series
Harvard Economic Studies
Number of Pages
352
Place of Publication
Cambridge, Mass, United States
ISBN
9780674465008
SKU
V9780674465008
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
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