Investment under uncertainty

69,80

Naar de Winkel

Artikelnummer: 1775801391602872 Categorie:

Beschrijving

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 pr

Beoordelingen

Er zijn nog geen beoordelingen.

Wees de eerste om “Investment under uncertainty” te beoordelen

Het e-mailadres wordt niet gepubliceerd. Vereiste velden zijn gemarkeerd met *