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Investment under Uncertainty
Avinash K. Dixit
€ 64.66
€ 50.79
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Description for Investment under Uncertainty
Hardback. How should firms decide whether and when to invest in new capital equipment, additions to their workforce, or the development of new products? This book provides an exposition of a theoretical approach to the capital investment decisions of firms, stressing the irreversibility of most investment decisions. Num Pages: 488 pages, 75 line illus. BIC Classification: KFFH; KFFM; KJMV1. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 241 x 166 x 36. Weight in Grams: 848.
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 ... Read more
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 ... Read more
Product Details
Publisher
Princeton University Press United States
Number of pages
476
Format
Hardback
Publication date
1994
Condition
New
Weight
851g
Number of Pages
488
Place of Publication
New Jersey, United States
ISBN
9780691034102
SKU
V9780691034102
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-19
About Avinash K. Dixit
Avinash K. Dixit is John J. F. Sherrerd '52 University Professor of Economics at Princeton University. His most recent book is Thinking Strategically, with Barry Nalebuff (Norton). Robert S. Pindyck is Mitsubishi Bank Professor of Economics at the Sloan School of Management, MIT. His books include Econometric Models and Economic Forecasts, with Daniel L. Rubinfeld (McGraw-Hill).
Reviews for Investment under Uncertainty
Avinash Dixit and Robert Pindyck have successfully applied to capital budgeting the ideas and techniques of option pricing that have so enriched our understanding of financial markets. -Merton H. Miller, Nobel Laureate in Economics [The authors'] approach has powerful implications for investors in marketable assets as well. No investment professional or CFO can afford to ignore this brilliant new ... Read more