Optimal Dynamic Investment Policies of a Value Maximizing Firm (e-bok)
Fler böcker inom
Format
E-bok
Filformat
PDF med LCP-kryptering (0.0 MB)
Om LCP-kryptering
PDF-böcker lämpar sig inte för läsning på små skärmar, t ex mobiler.
Nedladdning
Kan laddas ned under 24 månader, dock max 6 gånger.
Språk
Engelska
Utgivningsdatum
2012-12-06
Förlag
Springer Berlin Heidelberg
ISBN
9783642489044

Optimal Dynamic Investment Policies of a Value Maximizing Firm E-bok

av Peter M Kort
E-bok (PDF, LCP),  Engelska, 2012-12-06
746
Ladda ned
Spara som favorit
Läs i Bokus Reader för iOS och Android
Finns även som
Visa alla 1 format & utgåvor
1.1. Scope of the Book This book is a contribution to the area of "dynamic models of the firm". The motivation for this kind of research is the following: Empirical studies (e.g. Albach (1976)) have shown that the development of the firm over time can be divided into different stages. such as growth. stationarity and contraction. In order to understand and evaluate these stages in a proper way. it is important to develop a suitable theoretical framework. To that end. economists have applied dynamic mathematical techniques. such as optimal control theory. calculus of variations and dynamic programming to design and analyse dynamic models of the firm. In this way. the economic theory of the firm is extended to a dynamic context. Within the field of the dynamics of the firm this book - develops a general investment decision rule. based on the concept "net present value of marginal investment". which is applicable in deterministic dynamic models of the firm; - studies the influence of adjustment costs of investment on optimal dynamic firm behavior; - extends the stochastic dynamic theory of the firm by connecting it with a dynamic version of the Capital Asset Pricing Model. Before elaborating on "the dynamics of the firm". we first review the subject of net present value in the classical analysis.
Visa hela texten

Kundrecensioner

Har du läst boken? Sätt ditt betyg »

Fler böcker av Peter M Kort

  • Dynamic Perspectives on Managerial Decision Making

    Dynamic Perspectives on Managerial Decision Making

    Herbert Dawid, Karl F Doerner, Gustav Feichtinger, Peter M Kort, Andrea Seidl

    This volume collects research papers addressing topical issues in economics and management with a particular focus on dynamic models which allow to analyze and foster the decision making of firms in dynamic complex environments. The scope of the c...

    2996
    Köp
    Skickas inom vardagar.
  • Dynamic Policies of the Firm

    Dynamic Policies of the Firm

    Onno Van Hilten, Peter M Kort, Paul J J M Van Loon

    In this book we open our insights in the Theory of the Firm, obtained through the application of Optimal Control Theory, to a public of scholars and advanced students in economics and applied mathematics. We walk on the micro economic side of the ...

    1483
    Ladda ned
    Laddas ned direkt

Du kanske gillar