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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. Investment under Uncertainty - IDEAS/RePEc This new approach to investment recognizes the option value of waiting for better Investment under Uncertainty Contents: Author info; Abstract; Bibliographic info; Real Options and Investment under Uncertainty The MIT Press The study of investment under uncertainty was stagnant for several decades until recent developments in real options provided the tools to revitalize the field Investment Under Uncertainty - Goodreads Investment Under Uncertainty has 17 ratings and 0 reviews How should firms decide whether and when to invest in new capital equipment additions to thei A Unified Model of Investment Under Uncertainty - NBER This paper extends the theory of investment under uncertainty to incorporate fixed costs of investment a wedge between the purchase price and sale price of capital Investment Under Uncertainty - Montclair State University Investment Under Uncertainty (Princeton U press 1994) Avinash Dixit and Robert Pindyck (Princeton U press 1994) Chapter 1 A New View of Investment Real Options and Investment under Uncertainty: An Overview 1 Real Options and Investment under Uncertainty: An Overview Eduardo S Schwartz and Lenos Trigeorgis 1 Real Options: Main Ideas The application of option concepts to Investment under Uncertainty - Google Books This new approach to investment recognizes the option value of waiting for better (but never complete) information Investment Under Uncertainty Investment under Uncertainty - Buy Investment under Uncertainty on FREE SHIPPING on qualified orders Investment under uncertainty competition and regulation Investment under uncertainty competition and regulation Adrien Nguyen Huu 1 McMaster University Hamilton Canada Fields Institute for Research in Investment under Uncertainty - Princeton University Press Description of the book Investment under Uncertainty by Dixit RK and Pindyck RS published by Princeton University Press
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