Investment In New Activities And The Welfare Cost Of Uncertainty
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Investment in New Activities and the Welfare Cost of Uncertainity
Author | : Joshua Aizenman |
Publisher | : |
Total Pages | : 18 |
Release | : 1995 |
Genre | : Economic development |
ISBN | : |
The Rate and Direction of Inventive Activity
Author | : National Bureau of Economic Research |
Publisher | : Princeton University Press |
Total Pages | : 647 |
Release | : 2015-12-08 |
Genre | : Political Science |
ISBN | : 1400879760 |
The papers here range from description and analysis of how our political economy allocates its inventive effort, to studies of the decision making process in specific industrial laboratories. Originally published in 1962. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Cost, Uncertainty and Welfare
Author | : Stephan John Nash |
Publisher | : Routledge |
Total Pages | : 195 |
Release | : 2018-12-17 |
Genre | : Social Science |
ISBN | : 0429873182 |
First published in 1998. This work contributes to the discussion of Knight by showing that uncertainty broadens the conception of economic welfare, and that a new cost analysis holds the key to unlocking the Knightian corpus. It develops Knight's suggestion that uncertainty-control costs can be reduced - arguing that the large firm enjoys economic rent from utilizing its dominant vantage point in the market. The author demonstrates that while Knight provides the intellectual stimulus which propelled Chamberlin's thesis of monopolistic competition, Chamberlin uses a very abstract form of uncertainty in his analysis.
Investment and Risk in Africa
Author | : Paul Collier |
Publisher | : Springer |
Total Pages | : 391 |
Release | : 2016-07-27 |
Genre | : Business & Economics |
ISBN | : 1349150681 |
This book brings together academics in the fields of economics, political science, and law, with business practitioners in the fields of risk assessment and portfolio management. Their contributions are sequenced to tell a story. Africa is perceived as being a highly risky continent. As a result, investment is discouraged. These risks are partly exaggerated. However, to the extent that they reflect genuine problems, they are capable of being mitigated by insurance and reduced by political restraints such as central banks, investment charters, and international agreements.
Financial Economics, Risk And Information (2nd Edition)
Author | : Marcelo Bianconi |
Publisher | : World Scientific Publishing Company |
Total Pages | : 496 |
Release | : 2011-11-29 |
Genre | : Business & Economics |
ISBN | : 9814405124 |
Financial Economics, Risk and Information presents the fundamentals of finance in static and dynamic frameworks with focus on risk and information. The objective of this book is to introduce undergraduate and first-year graduate students to the methods and solutions of the main problems in finance theory relating to the economics of uncertainty and information. The main goal of the second edition is to make the materials more accessible to a wider audience of students and finance professionals. The focus is on developing a core body of theory that will provide the student with a solid intellectual foundation for more advanced topics and methods. The new edition has streamlined chapters and topics, with new sections on portfolio choice under alternative information structures. The starting point is the traditional mean-variance approach, followed by portfolio choice from first principles. The topics are extended to alternative market structures, alternative contractual arrangements and agency, dynamic stochastic general equilibrium in discrete and continuous time, attitudes towards risk and towards inter-temporal substitution in discrete and continuous time; and option pricing. In general, the book presents a balanced introduction to the use of stochastic methods in discrete and continuous time in the field of financial economics.