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Investment under uncertainty

Author: Avinash K Dixit; Robert S Pindyck
Publisher: Princeton, N.J. : Princeton University Press, ©1994.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
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?
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Additional Physical Format: Online version:
Dixit, Avinash K.
Investment under uncertainty.
Princeton, N.J. : Princeton University Press, ©1994
(OCoLC)1085906059
Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Avinash K Dixit; Robert S Pindyck
ISBN: 0691034109 9780691034102
OCLC Number: 28585458
Description: xiv, 468 pages : illustrations ; 24 cm
Contents: 1. A New View of Investment --
2. Developing the Concepts Through Simple Examples --
3. Stochastic Processes and Ito's Lemma --
4. Dynamic Optimization under Uncertainty --
5. Investment Opportunities and Investment Timing --
6. The Value of a Project and the Decision to Invest --
7. Entry, Exit, Lay-Up, and Scrapping --
8. Dynamic Equilibrium in a Competitive Industry --
9. Policy Intervention and Imperfect Competition --
10. Sequential Investment --
11. Incremental Investment and Capacity Choice --
12. Applications and Empirical Research.
Responsibility: Avinash K. Dixit and Robert S. Pindyck.
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Abstract:

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  Read more...

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"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. Read more...

 
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