Business & Economics Books:

Investment under Uncertainty

Click to share your rating 0 ratings (0.0/5.0 average) Thanks for your vote!

Format:

Hardback
Investment under Uncertainty by Robert S. Pindyck
$147.00

or 4 payments of $36.75 with Learn more

Available from supplier

The item is brand new and in-stock with one of our preferred suppliers. The item will ship from the Mighty Ape warehouse within the timeframe shown below.

Usually ships in 2-3 weeks
Free Delivery with Primate
Join Now or upgrade at checkout

Availability

Delivering to:

Estimated arrival:

  • Around 13-16 October using standard courier delivery

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 behaviour of investment spending??;pThis text provides a detailed exposition of a new theoretical approach to the capital investment decisions of firms, stressing the irreversibility of most investment decisions, and the uncertainty of the economic environment in which these decisions are made. In so doing, they answer important questions about investment decisions and the behaviour 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 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 the investment behaviour of firms; develops the implicat

Author Biography

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).
Release date NZ
January 10th, 1994
Country of Publication
United States
Illustrations
75 line illus.
Imprint
Princeton University Press
Pages
488
Dimensions
155x235x35
ISBN-13
9780691034102
Product ID
2019089

Customer reviews

Nobody has reviewed this product yet. You could be the first!

Write a Review

Marketplace listings

There are no Marketplace listings available for this product currently.
Already own it? Create a free listing and pay just 9% commission when it sells!

Sell Yours Here

Help & options

Filed under...