000 04408nam a22005295i 4500
001 205844
003 IT-RoAPU
005 20221214233539.0
006 m|||||o||d||||||||
007 cr || ||||||||
008 210830t20121994nju fo d z eng d
020 _a9781400830176
_qPDF
024 7 _a10.1515/9781400830176
_2doi
035 _a(DE-B1597)9781400830176
035 _a(DE-B1597)528116
035 _a(OCoLC)1027203892
040 _aDE-B1597
_beng
_cDE-B1597
_erda
050 4 _aHG4028.C4
_bD58 1994eb
072 7 _aBUS036000
_2bisacsh
082 0 4 _a658.15/54
_222
084 _aonline - DeGruyter
100 1 _aDixit, Robert K.
_eautore
245 1 0 _aInvestment under Uncertainty /
_cRobert S. Pindyck, Robert K. Dixit.
264 1 _aPrinceton, NJ :
_bPrinceton University Press,
_c[2012]
264 4 _c©1994
300 _a1 online resource (488 p.) :
_b75 line illus.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 0 _tFrontmatter --
_tContents --
_tPreface --
_tPart I. Introduction --
_tChapter 1. A New View of Investment --
_tChapter 2. Developing the Concepts Through Simple Examples --
_tPart II. Mathematical Background --
_tChapter 3. Stochastic Processes and Ito's Lemma --
_tChapter 4. Dynamic Optimization under Uncertainty --
_tPart III. A Firm's Decisions --
_tChapter 5. Investment Opportunities and Investment Timing --
_tChapter 6. The Value of a Project and the Decision to Invest --
_tChapter 7. Entry, Exit, Lay-Up, and Scrapping --
_tPart IV. Industry Equilibrium --
_tChapter 8. Dynamic Equilibrium in a Competitive Industry --
_tChapter 9. Policy Intervention and Imperfect Competition --
_tPart V. Extensions and Applications --
_tChapter 10. Sequential Investment --
_tChapter 11. Incremental Investment and Capacity Choice --
_tChapter 12. Applications and Empirical Research --
_tReferences --
_tSymbol Glossary --
_tAuthor Index --
_tSubject Index
506 0 _arestricted access
_uhttp://purl.org/coar/access_right/c_16ec
_fonline access with authorization
_2star
520 _aHow 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 present the new theory in a clear and 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 investment behavior of firms; develops the implications of this theory for industry dynamics and for government policy concerning investment; and shows how the theory can be applied to specific industries and to a wide variety of business problems.
538 _aMode of access: Internet via World Wide Web.
546 _aIn English.
588 0 _aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)
650 0 _aCapital investments - Decision making.
650 0 _aCapital investments -- Decision making.
650 0 _aCapital investments
_xDecision making.
650 7 _aBUSINESS & ECONOMICS / Investments & Securities / General.
_2bisacsh
700 1 _aPindyck, Robert S.
_eautore
850 _aIT-RoAPU
856 4 0 _uhttps://doi.org/10.1515/9781400830176?locatt=mode:legacy
856 4 0 _uhttps://www.degruyter.com/isbn/9781400830176
856 4 2 _3Cover
_uhttps://www.degruyter.com/cover/covers/9781400830176.jpg
942 _cEB
999 _c205844
_d205844