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Investment under Uncertainty

by Robert S. Pindyck, Avinash K. Dixit
$13.90 Now $6.90 Save 50%
Investment under Uncertainty - Thryft
Investment under Uncertainty - Thryft

Uncertainty and irreversibility in investment decisions.

This book is a must-read for anyone interested in understanding how firms make investment decisions in an unpredictable and ever-changing economic environment. Dixit and Pindyck provide a new theoretical approach that highlights the irreversibility of most investment decisions and the ongoing uncertainty that firms face. Their emphasis on the option value of waiting for better information sets this book apart, making it an essential read for those looking to gain insights into investment behavior, industry dynamics, and government policy.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.
Sale

Investment under Uncertainty

by Robert S. Pindyck, Avinash K. Dixit
$13.90 Now $6.90 Save 50%
ISBN: 9780691034102
Authors: Robert S. Pindyck, Avinash K. Dixit
Publisher: Princeton University Press
Date of Publication: 1994-01-10
Format: Hardcover
Related Collections: Business, Economics
Related Topics: Money, Finance, Society
Goodreads rating: 4.27
(rated by 33 readers)

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Description

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.
Condition guide

Book Condition Guide

Books in Like New Condition

This book may contain very minor cosmetic defects, but it is in pristine condition. There should be no yellowing, no foxing, no water damage, and no annotations of any kind on the cover and the pages. For paperbacks, there should not be any crease marks on the spine. This book is good as new — lucky you!

*Books may be missing bundle media (e.g. CD, e-book code), if included.

Books in Very Good Condition

This book has been used, but it is still in a clean condition. There should be no foxing or annotations of any kind on the inner pages, but a sparse amount may be present on the cover, title pages, or outside edges of the book. There should be no water damage of any kind. For paperbacks, there may be light crease marks on the spine.

*Books may be missing bundle media (e.g. CD, e-book code), if included.

Books in Good Condition

We do our best to ensure the quality of our books, but there is no escaping the wear and tear that comes with time. Slight foxing and some annotations may be present on the pages and the cover. There should be no water damage of any kind. For paperbacks, there may be several crease marks on the spine.

*Books may be missing bundle media (e.g. CD, e-book code), if included.

Books in Well Read Condition

This is a well-read book, which means that the previous owner probably really enjoyed it! The cover and pages may include moderate foxing and annotations, but the text is not obscured and still readable. Moderate cosmetic defects and minor water damage may be present on the edges of the book. For paperbacks, there may be multiple crease marks on the spine.

*Books may be missing bundle media (e.g. CD, e-book code), if included.

 

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Similar Reads

Uncertainty and irreversibility in investment decisions.

This book is a must-read for anyone interested in understanding how firms make investment decisions in an unpredictable and ever-changing economic environment. Dixit and Pindyck provide a new theoretical approach that highlights the irreversibility of most investment decisions and the ongoing uncertainty that firms face. Their emphasis on the option value of waiting for better information sets this book apart, making it an essential read for those looking to gain insights into investment behavior, industry dynamics, and government policy.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.