Investment Under Uncertainty

Valutazione media 4,41
( su 17 valutazioni fornite da GoodReads )
 
9780691034102: Investment Under Uncertainty

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 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.

Le informazioni nella sezione "Riassunto" possono far riferimento a edizioni diverse di questo titolo.

Contenuti:

Preface
1 A New View of Investment 3
2 Developing the Concepts Through Simple Examples 26
3 Stochastic Processes and Ito's Lemma 59
4 Dynamic Optimization under Uncertainty 93
5 Investment Opportunities and Investment Timing 135
6 The Value of a Project and the Decision to Invest 175
7 Entry, Exit, Lay-Up, and Scrapping 213
8 Dynamic Equilibrium in a Competitive Industry 247
9 Policy Intervention and Imperfect Competition 282
10 Sequential Investment 319
11 Incremental Investment and Capacity Choice 357
12 Applications and Empirical Research 394
References 429
Symbol Glossary 445
Author Index 449
Subject Index 455

Dalla seconda/terza di copertina:


"[The authors'] approach has powerful implications for investors in marketable assets as well. No investment professional or CFO can afford to ignore this brilliant new book."--Peter L. Bernstein, author of Capital Ideas: The Improbable Origins of Modern Wall Street


"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. Miller, Nobel Laureate in Economics


Le informazioni nella sezione "Su questo libro" possono far riferimento a edizioni diverse di questo titolo.

I migliori risultati di ricerca su AbeBooks

1.

Avinash K. Dixit, Robert S. Pindyck
Editore: Princeton University Press, United States (1994)
ISBN 10: 0691034109 ISBN 13: 9780691034102
Nuovi Rilegato Quantità: 1
Da
The Book Depository
(London, Regno Unito)
Valutazione libreria
[?]

Descrizione libro Princeton University Press, United States, 1994. Hardback. Condizione libro: New. 234 x 162 mm. Language: English . Brand New Book. 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 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. Codice libro della libreria AAU9780691034102

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra nuovo
EUR 43,11
Convertire valuta

Aggiungere al carrello

Spese di spedizione: GRATIS
Da: Regno Unito a: U.S.A.
Destinazione, tempi e costi

2.

Robert K. Dixit
Editore: Princeton University Press (1994)
ISBN 10: 0691034109 ISBN 13: 9780691034102
Nuovi Quantità: > 20
Da
Books2Anywhere
(Fairford, GLOS, Regno Unito)
Valutazione libreria
[?]

Descrizione libro Princeton University Press, 1994. HRD. Condizione libro: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Codice libro della libreria WP-9780691034102

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra nuovo
EUR 37,07
Convertire valuta

Aggiungere al carrello

Spese di spedizione: EUR 10,39
Da: Regno Unito a: U.S.A.
Destinazione, tempi e costi

3.

Avinash K. Dixit, Robert S. Pindyck
Editore: Princeton University Press 1994-01-10, New Jersey (1994)
ISBN 10: 0691034109 ISBN 13: 9780691034102
Nuovi Rilegato Quantità: 5
Da
Blackwell's
(Oxford, OX, Regno Unito)
Valutazione libreria
[?]

Descrizione libro Princeton University Press 1994-01-10, New Jersey, 1994. hardback. Condizione libro: New. Codice libro della libreria 9780691034102

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra nuovo
EUR 42,35
Convertire valuta

Aggiungere al carrello

Spese di spedizione: EUR 5,19
Da: Regno Unito a: U.S.A.
Destinazione, tempi e costi

4.

Avinash K. Dixit, Robert S. Pindyck
Editore: Princeton University Press, United States (1994)
ISBN 10: 0691034109 ISBN 13: 9780691034102
Nuovi Rilegato Quantità: 1
Da
The Book Depository US
(London, Regno Unito)
Valutazione libreria
[?]

Descrizione libro Princeton University Press, United States, 1994. Hardback. Condizione libro: New. 234 x 162 mm. Language: English . Brand New Book. 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 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. Codice libro della libreria AAU9780691034102

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra nuovo
EUR 49,05
Convertire valuta

Aggiungere al carrello

Spese di spedizione: GRATIS
Da: Regno Unito a: U.S.A.
Destinazione, tempi e costi

5.

Avinash K. Dixit; Robert S. Pindyck
ISBN 10: 0691034109 ISBN 13: 9780691034102
Nuovi Quantità: 6
Da
BWB
(Valley Stream, NY, U.S.A.)
Valutazione libreria
[?]

Descrizione libro Condizione libro: New. Depending on your location, this item may ship from the US or UK. Codice libro della libreria 97806910341020000000

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra nuovo
EUR 49,33
Convertire valuta

Aggiungere al carrello

Spese di spedizione: GRATIS
In U.S.A.
Destinazione, tempi e costi

6.

Avinash K. Dixit, Robert S. Pindyck
Editore: Princeton University Press
ISBN 10: 0691034109 ISBN 13: 9780691034102
Nuovi Rilegato Quantità: 10
Da
THE SAINT BOOKSTORE
(Southport, Regno Unito)
Valutazione libreria
[?]

Descrizione libro Princeton University Press. Hardback. Condizione libro: new. BRAND NEW, Investment Under Uncertainty, Avinash K. Dixit, Robert S. Pindyck, 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 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. Codice libro della libreria B9780691034102

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra nuovo
EUR 43,60
Convertire valuta

Aggiungere al carrello

Spese di spedizione: EUR 6,86
Da: Regno Unito a: U.S.A.
Destinazione, tempi e costi

7.

Avinash K. Dixit; Robert S. Pindyck
ISBN 10: 0691034109 ISBN 13: 9780691034102
Nuovi Quantità: 2
Da
Speedy Hen LLC
(Sunrise, FL, U.S.A.)
Valutazione libreria
[?]

Descrizione libro Condizione libro: New. Bookseller Inventory # ST0691034109. Codice libro della libreria ST0691034109

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra nuovo
EUR 52,37
Convertire valuta

Aggiungere al carrello

Spese di spedizione: GRATIS
In U.S.A.
Destinazione, tempi e costi

8.

Robert K. Dixit; Robert S. Pindyck
Editore: Princeton University Press (1994)
ISBN 10: 0691034109 ISBN 13: 9780691034102
Nuovi Rilegato Quantità: 1
Da
English-Book-Service Mannheim
(Mannheim, Germania)
Valutazione libreria
[?]

Descrizione libro Princeton University Press, 1994. Condizione libro: New. Codice libro della libreria EH9780691034102

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra nuovo
EUR 48,42
Convertire valuta

Aggiungere al carrello

Spese di spedizione: EUR 5,00
Da: Germania a: U.S.A.
Destinazione, tempi e costi

9.

Avinash K. Dixit, Robert S. Pindyck
Editore: Princeton University Press (1994)
ISBN 10: 0691034109 ISBN 13: 9780691034102
Nuovi Rilegato Quantità: 6
Valutazione libreria
[?]

Descrizione libro Princeton University Press, 1994. Condizione libro: New. 1994. 0th Edition. Hardcover. 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 approach to the capital investment decisions of firms, stressing the irreversibility of most investment decisions. Num Pages: 488 pages, 75 line illus. BIC Classification: KFFH; KFFM; KJMV1. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 241 x 166 x 36. Weight in Grams: 848. . . . . . . Codice libro della libreria V9780691034102

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra nuovo
EUR 53,94
Convertire valuta

Aggiungere al carrello

Spese di spedizione: GRATIS
Da: Irlanda a: U.S.A.
Destinazione, tempi e costi

10.

Avinash K Dixit
ISBN 10: 0691034109 ISBN 13: 9780691034102
Nuovi Rilegato Quantità: 8
Da
Ria Christie Collections
(Uxbridge, Regno Unito)
Valutazione libreria
[?]

Descrizione libro Hardback. Condizione libro: New. Not Signed; 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. book. Codice libro della libreria ria9780691034102_rkm

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra nuovo
EUR 50,44
Convertire valuta

Aggiungere al carrello

Spese di spedizione: EUR 3,86
Da: Regno Unito a: U.S.A.
Destinazione, tempi e costi

Vedi altre copie di questo libro

Vedi tutti i risultati per questo libro