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.&...
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| Format: | Book |
| Language: | English |
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Cheltenham :
Edward Elgar,
c2000.
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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.