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Language: en
Pages: 58
Pages: 58
Type: BOOK - Published: 1989 - Publisher: World Bank Publications
Irreversible investment is especially sensitive to such risk factors as volatile exchange rates and uncertainty about tariff structures and future cash flows. I
Language: en
Pages: 484
Pages: 484
Type: BOOK - Published: 2012-07-14 - Publisher: Princeton University Press
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 traditio
Language: en
Pages: 75
Pages: 75
Type: BOOK - Published: 2010 - Publisher:
Most investment expenditures have two important characteristics: First, they are largely irreversible; the firm cannot disinvest, so the expenditures are sunk c
Language: en
Pages: 24
Pages: 24
Type: BOOK - Published: 1980 - Publisher:
The optimal timing of real investment is studied under the assumptions that investment is irreversible and that new information about returns is arriving over t
Language: en
Pages: 488
Pages: 488
Type: BOOK - Published: 2010-01-27 - Publisher: Princeton University Press
This is a thoroughly updated edition of Dynamic Asset Pricing Theory, the standard text for doctoral students and researchers on the theory of asset pricing and