Capital and uncertainty : the capital investment process in a market economy /

"This book is an important addition to the emerging body of new work on capital. Its primary contribution is in analysing capital investment choice as a process. The understanding of this process requires some modification and significant extension to the standard neo-classical economic tools.&...

Full description

Saved in:
Bibliographic Details
Main Author: Runge, Ian C. (Ian Charles), 1952-
Format: Book
Language:English
Published: Cheltenham : Edward Elgar, c2000.
Subjects:
Table of Contents:
  • 1. Introduction
  • 2. The nature of capital investment decisions
  • 3. Choice, risk and uncertainty
  • 4. Rational choice
  • 5. Entrepreneurship and the market order
  • 6. Intertemporal valuation
  • 7. Choice under uncertainty
  • 8. Capital investment choice process
  • 9. Capital investment models
  • 10. Model with capital heterogeneity
  • 11. Capital decisions: choices between strategies
  • 12. Summary and conclusions.