Investment under Uncertainty

Investment under Uncertainty by Robert K. Dixit


ISBN
9780691034102
Published
Binding
Hardcover
Dimensions
152 x 235mm

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.
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