Investment Under Uncertainty

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Investment Under Uncertainty - Dixit, Avinash K, and Dixit, Robert K, and Pindyck, Robert S

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 ...

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