Uncertainty And Investment PDF Download
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| Author | : Robert K. Dixit |
| Publisher | : Princeton University Press |
| Total Pages | : 484 |
| Release | : 2012-07-14 |
| Genre | : Business & Economics |
| ISBN | : 1400830176 |
Download Investment under Uncertainty Book in PDF, ePub and Kindle
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.
| Author | : Francois Trahan |
| Publisher | : John Wiley & Sons |
| Total Pages | : 228 |
| Release | : 2011-07-13 |
| Genre | : Business & Economics |
| ISBN | : 1118134095 |
Download The Era of Uncertainty Book in PDF, ePub and Kindle
Macroeconomic Investment Strategies for an Era of Economic Uncertainty “Over the years, François’ insightful analyses of the business cycle has led to market calls that have both benefitted investors on the upside and (more important to many) protected them from losses on the downside. François’ incredible track record in successfully interpreting the trends that can be found in leading indicators and other macroeconomic data have also led to his well deserved reputation as an expert in sector rotation - providing investors on both the long and short side of the market opportunities to profit from his ideas. In my opinion, his most important and influential macro prediction to date was his call in the middle of the last decade when he predicted that the worst housing crisis in American history would soon be upon us, and that it would have far-ranging implications for both the global economy and world financial markets.”
| Author | : Eduardo S. Schwartz |
| Publisher | : MIT Press |
| Total Pages | : 890 |
| Release | : 2004 |
| Genre | : Business & Economics |
| ISBN | : 9780262693189 |
Download Real Options and Investment Under Uncertainty Book in PDF, ePub and Kindle
The study of investment under uncertainty was stagnant for several decades until developments in real options revitalized the field. The topics covered in this book include the reasons behind the under-investment programme.
| Author | : Robert S. Pindyck |
| Publisher | : World Bank Publications |
| Total Pages | : 58 |
| Release | : 1989 |
| Genre | : Capital investments |
| ISBN | : |
Download Irreversibility, Uncertainty, and Investment Book in PDF, ePub and Kindle
Irreversible investment is especially sensitive to such risk factors as volatile exchange rates and uncertainty about tariff structures and future cash flows. If the goal of macroeconomic policy is to stimulate investment, stability and credibility may be more important than tax incentives or interest rates.
| Author | : Frank H. Knight |
| Publisher | : Cosimo, Inc. |
| Total Pages | : 401 |
| Release | : 2006-11-01 |
| Genre | : Business & Economics |
| ISBN | : 1602060053 |
Download Risk, Uncertainty and Profit Book in PDF, ePub and Kindle
A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.
| Author | : Nancy L. Stokey |
| Publisher | : Harvard University Press |
| Total Pages | : 607 |
| Release | : 1989-10-10 |
| Genre | : Business & Economics |
| ISBN | : 0674735188 |
Download Recursive Methods in Economic Dynamics Book in PDF, ePub and Kindle
This rigorous but brilliantly lucid book presents a self-contained treatment of modern economic dynamics. Stokey, Lucas, and Prescott develop the basic methods of recursive analysis and illustrate the many areas where they can usefully be applied.
| Author | : Robert K. Dixit |
| Publisher | : |
| Total Pages | : 483 |
| Release | : 2012 |
| Genre | : |
| ISBN | : |
Download Investment Under Uncertainty Book in PDF, ePub and Kindle
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 mad.
| Author | : Haim Levy |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 439 |
| Release | : 2006-08-25 |
| Genre | : Business & Economics |
| ISBN | : 0387293116 |
Download Stochastic Dominance Book in PDF, ePub and Kindle
This book is devoted to investment decision-making under uncertainty. The book covers three basic approaches to this process: the stochastic dominance approach; the mean-variance approach; and the non-expected utility approach, focusing on prospect theory and its modified version, cumulative prospect theory. Each approach is discussed and compared. In addition, this volume examines cases in which stochastic dominance rules coincide with the mean-variance rule and considers how contradictions between these two approaches may occur.
| Author | : Jonathan Morduch |
| Publisher | : Princeton University Press |
| Total Pages | : 248 |
| Release | : 2017-04-04 |
| Genre | : Business & Economics |
| ISBN | : 0691172986 |
Download The Financial Diaries Book in PDF, ePub and Kindle
Drawing on the groundbreaking U.S. Financial Diaries project (http://www.usfinancialdiaries.org/), which follows the lives of 235 low- and middle-income families as they navigate through a year, the authors challenge popular assumptions about how Americans earn, spend, borrow, and save-- and they identify the true causes of distress and inequality for many working Americans.
| Author | : Jaime Gil-Aluja |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 459 |
| Release | : 2012-12-06 |
| Genre | : Business & Economics |
| ISBN | : 9401153280 |
Download Investment in Uncertainty Book in PDF, ePub and Kindle
FIRST PART Preparation of the Investment 1. Investments in the Company 19 The decline of stability . . 19 The change in direction of studies on the investment process. 25 Basic elements for arithmetical study of selection 29 Thc study of selection from non-numerical elements. 37 2. Programming Investment Activity 49 Classical programming techniques. 49 Handling of an investment programme. 56 Incorporation of costs into investment projects . . . . . . . . . . . . . . . . . . 66 Estimating financial needs throughout the process. 72 3. Financial Risk of Investment 85 Financial aspects of the investment process. 85 Determination of the financial capacity of the investment . . 89 From pre-diagnosis to diagnosis. 102 Numerical determination of the financial risk of an investment. 106 4. Analysis of financial products for the investment 113 Aspects prior to product analysis. 113 Analysis by means of the clan concept . . . . . . . . . . . . . . . . . . . 117 Obtaining affinities and thc use of codes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 123 Grouping the characteristics of the products by means of the Moore closing. 126 From product grouping to affinities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 134 10 / Index SECOND PART Selection 5. A first approximation to selection models 145 Updating of monetary currents 145 Incorporation of the lack of precision of interests rates . . . . . . . . . . . . . . . . 153 The hypothesis of known net values and fuzzy rate of interest . . . . . . 157 6. Selection of investments in an economy with inflation 165 Estimate of monetary currents at constant prices . . . . . . . . . . . . . . . . . . . 165 Estimate of monetary currents at prices for each period . . . . . . . 172 The hypothesis of different rates of inflation . . . . 180 7.
