Investment under Uncertainty / / Robert S. Pindyck, Robert K. Dixit.
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 bo...
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| Superior document: | Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Archive 1927-1999 |
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| Place / Publishing House: | Princeton, NJ : : Princeton University Press, , [2012] ©1994 |
| Year of Publication: | 2012 |
| Language: | English |
| Online Access: | |
| Physical Description: | 1 online resource (488 p.) :; 75 line illus. |
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Table of Contents:
- Frontmatter
- Contents
- Preface
- Part I. Introduction
- Chapter 1. A New View of Investment
- Chapter 2. Developing the Concepts Through Simple Examples
- Part II. Mathematical Background
- Chapter 3. Stochastic Processes and Ito's Lemma
- Chapter 4. Dynamic Optimization under Uncertainty
- Part III. A Firm's Decisions
- Chapter 5. Investment Opportunities and Investment Timing
- Chapter 6. The Value of a Project and the Decision to Invest
- Chapter 7. Entry, Exit, Lay-Up, and Scrapping
- Part IV. Industry Equilibrium
- Chapter 8. Dynamic Equilibrium in a Competitive Industry
- Chapter 9. Policy Intervention and Imperfect Competition
- Part V. Extensions and Applications
- Chapter 10. Sequential Investment
- Chapter 11. Incremental Investment and Capacity Choice
- Chapter 12. Applications and Empirical Research
- References
- Symbol Glossary
- Author Index
- Subject Index