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Technology investment : a game theoretical real options approach
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ISBN: 0792374878 1441949119 1475734239 9780792374879 Year: 2001 Volume: 28 Publisher: Dordrecht Boston Kluwer Academic Publishers

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This chapter is organized as follows. The economic problem on which this book focuses is motivated in Section 1. The two tools used to study this economic problem, which are real options theory and game theory, are discussed in Sections 2 and 3, respectively. Section 4 surveys the contents of this book. In Section 5 some promising extensions of the research presented in this book are listed. 1. TECHNOLOGY INVESTMENT Investment expenditures of companies govern economic growth. Es­ pecially investments in new and more efficient technologies are an impor­ tant determinant. In particular, in the last two decades an increasing part of the investment expenditures concerns investments in informa­ tion and communication technology. Kriebel, 1989 notes that (already) in 1989 roughly 50 percent of new corporate capital expenditures by major United States companies was in information and communication technology. Due to the rapid progress in these technologies, the tech­ nology investment decision of the individual firm has become a very complex matter. As an example of the very high pace of technological improvement consider the market for personal computers. IBM intro­ duced its Pentium personal computers in the early 1990s at the same price at which it introduced its 80286 personal computers in the 1980s. Therefore it took less than a decade to improve on the order of twenty times in terms of both speed and memory capacities, without increasing the cost (Yorukoglu, 1998).


Book
Bank, verzekeringen en beurs
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ISBN: 9789038219318 Year: 2012 Publisher: Gent Academia Press

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Aandelenmarkt --- BIM (Bank Insurance Model) --- Bancassurance --- Bank Insurance Model --- Bank insurance activities --- Banks and banking -- Insurance business --- Bankverzekering --- Bourse des valeurs --- Bourses (Valeurs) --- Bourses des valeurs --- Bulls and bears --- Capital -- Investissements --- Capital expenditures --- Capital improvements --- Capital investments --- Capital spending --- Capitaux [Investissements de ] --- Commercial corners --- Corners [Commecial ] --- Dépenses d'équipement --- Dépenses en capital --- Effectenbeurs --- Effectenbeurzen --- Effectenhandel --- Effectenmarkt --- Entreprises -- Investissements --- Exchanges [Securities] --- Exchanges [Stock ] --- Fixes asset expenditures --- Insurance business activities of banks --- Investissements de capitaux --- Investissements industriels --- Investissements manufacturiers --- Kapitaalintensiviteit --- Kapitaalinvesteringen --- Marché boursier --- Marché des titres --- Marché des valeurs --- Marchés des valeurs --- Opérations de bourse --- Plant and equipment investments --- Plant investments --- Securities exchange --- Securities exchanges --- Stock exchanges --- Stock market --- Stock-exchanges --- Transactions boursières --- Valeurs, Marché des --- Verzekering (Bank) --- AA / International- internationaal --- 333.100 --- 368.00 --- Algemeenheden. Theorie en principes van de bankorganisatie en -techniek. --- Theorieën over verzekeringen. Actuariële wetenschappen. --- Banken ; België --- Beurs ; België --- Verzekeringen ; België --- Algemeenheden. Theorie en principes van de bankorganisatie en -techniek --- Theorieën over verzekeringen. Actuariële wetenschappen

Investment under uncertainty
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ISBN: 0691034109 9786613379559 1283379554 1400830176 9780691034102 Year: 1994 Publisher: Princeton (New Jersey) : Princeton University Press,

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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 traditional economic models of investment failed to explain the behavior of investment spending in the United States and other countries? In this book, Avinash Dixit and Robert Pindyck provide the first detailed exposition of a new theoretical approach to the capital investment decisions of firms, stressing the irreversibility of most investment decisions, and the ongoing uncertainty of the economic environment in which these decisions are made. In so doing, they answer important questions about investment decisions and the behavior of investment spending. This new approach to investment recognizes the option value of waiting for better (but never complete) information. It exploits an analogy with the theory of options in financial markets, which permits a much richer dynamic framework than was possible with the traditional theory of investment. The authors present the new theory in a clear and systematic way, and consolidate, synthesize, and extend the various strands of research that have come out of the theory. Their book shows the importance of the theory for understanding investment behavior of firms; develops the implications of this theory for industry dynamics and for government policy concerning investment; and shows how the theory can be applied to specific industries and to a wide variety of business problems.

Keywords

658.168 --- 658.143 --- theories economiques --- investissements des entreprises --- marches financiers --- AA / International- internationaal --- 339.312.3 --- 339.312.0 --- 339.312.2 --- bedrijfsinvesteringen --- economische conjunctuur --- investeringstheorie --- 658.1554 --- Capital investments --- -Capital investments --- -658.168 Capital increase and reduction. Financial reconstruction. Fusion --- Capital increase and reduction. Financial reconstruction. Fusion --- Capital expenditures --- Capital improvements --- Capital spending --- Fixed asset expenditures --- Plant and equipment investments --- Plant investments --- Investeringsbeleid --- economische theorieen --- financiele markten --- Financiering van de bedrijven. --- Investeringen: algemeenheden. --- Maatstaven voor de beslissingen van investeringen. --- Decision making --- Decision making. --- Investissements de capitaux --- Prise de décision --- -Capital expenditures --- 658.168 Capital increase and reduction. Financial reconstruction. Fusion --- Investeringen: algemeenheden --- Maatstaven voor de beslissingen van investeringen --- Financiering van de bedrijven --- Finances --- Investissements de capitaux. --- Incertitude (economie politique) --- Calcul economique --- Investissements --- Prise de decision. --- Options (finances) --- Contrats d'options --- Marchés à options --- Marchés d'options --- Marchés des options négociables --- MONEP --- Opérations à option --- Options d'achat (finances) --- Options de vente (finances) --- Options négociables --- Stellage --- Options --- Couverture --- Options réelles (finances) --- Marchés d'indices boursiers --- Option de change --- Options sur actions --- Options exotiques --- Bourse --- Bourses de marchandises --- Option (contrat) --- Instruments dérivés (finances) --- Cadrage (décision) --- Décision, Prise de --- Décision, Théorie de la --- Décision (psychologie) --- Processus de décision --- Processus décisionnel --- Théorie de la décision --- , Systèmes de --- , Méthode --- (psychologie) --- Modèle de fixation du prix des actifs --- Multiplicateur (économie politique) --- Décision économique, Prise de --- Rationalisation des choix budgétaires --- Coût-efficacité --- Gestion d'entreprise --- Prise de décision --- Risque financier --- Analyse stratégique --- Anticipations rationnelles, Théorie des --- Capital --- Capitaux, Investissements de --- Dépenses d'équipement --- Dépenses en capital --- Entreprises --- Investissements industriels --- Investissements manufacturiers --- Investissements de remplacement --- Hôpitaux --- Budget d'investissement --- Coût du capital --- Crédit d'impôt à l'investissement --- Équipement industriel --- Investissements immatériels --- Rentabilité --- Modeles mathematiques. --- finances) -- Évaluation --- finances --- philosophie --- Renouvellement --- Nudge --- Tirage au sort --- Choix --- Rationalité managériale --- Résolution de problème --- Volonté --- Effectuation --- Théorie de la dépendance au sentier --- Dilemme --- Paradoxe d'Allais --- Programmation linéaire --- Recherche opérationnelle --- Systèmes d'aide à la décision --- Tables de décision --- Théorie des jeux --- Arbres de décision --- Calcul économique --- Choix collectif --- Commandement et conduite des opérations, Systèmes de --- Décision de groupe --- Décision multicritère --- Delphi, Méthode --- Choix (psychologie) --- Investment management


Book
The Energy Charter Treaty : the notion of investor
Author:
ISBN: 904113428X 9789041134288 9041141901 Year: 2012 Publisher: Alphen aan den Rijn, The Netherlands : Wolters Kluwer,

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Energy industries --- Dispute resolution (Law) --- Law, Politics & Government --- Law, General & Comparative --- Law and legislation --- Capital investments --- Capital investments. --- Law and legislation. --- Energy Charter Treaty --- Dispute resolution (Law). --- ADR (Dispute resolution) --- Alternative dispute resolution --- Appropriate dispute resolution --- Collaborative law --- Conflict resolution --- Dispute processing --- Dispute settlement --- Industries --- Power resources --- Justice, Administration of --- Mediation --- Neighborhood justice centers --- Third parties (Law) --- Charte européenne de l'énergie --- Arbitrage --- UE/CE Etats membres --- Politique énergétique --- Investissements industriels --- European Energy Charter. --- investment. --- industrial capital. --- energy policy. --- energetická politika --- energetikos politika --- politique énergétique --- energetska politika --- energiapoliitika --- energiapolitiikka --- енергийна политика --- politika tal-enerġija --- ενεργειακή πολιτική --- política energética --- Energiepolitik --- politica energetica --- energiebeleid --- energiapolitika --- energipolitik --- enerģētikas politika --- politică energetică --- politikë energjetike --- енергетска политика --- polityka energetyczna --- strategia energetica --- obiettivo energetico --- политика за енергетика --- politica energetica nazionale --- мерки за енергетска ефикасност --- atomprogram --- opzione energetica --- atompolitik --- politica dell'energia --- piano energetico --- енергетска стратегија --- sviluppo energetico --- industrikapital --- индустријски капитал --- kapital industrijali --- priemyselný kapitál --- βιομηχανικό κεφάλαιο --- capital industrial --- kapital industrial --- промишлен капитал --- industrieel kapitaal --- tööstuskapital --- průmyslový kapitál --- rūpniecības kapitāls --- kapitał przemysłowy --- industrijski kapital --- pramonės kapitalas --- capital industriel --- индустриски капитал --- ipari tőke --- capitale industriale --- Industriekapital --- tuotantoon sidottu pääoma --- ulaganje --- infheistíocht --- inwestycje --- naložba --- investeering --- investiții --- investiment --- beruházás --- Investition --- инвестиция --- investering --- investicija --- investissement --- investice --- улагање --- инвестиција --- inversión --- investimento --- investim --- investointi --- investícia --- ieguldījumi --- επένδυση --- capital expenditure --- kapitāla ieguldījumu prasības --- investiranje --- infheistiú --- kapitálové investice --- necessidades de investimento --- investeringsnoodzaak --- Investitionsbedarf --- inversión de capitales --- kapitalo investicijų poreikis --- investeerimine --- necesidades de inversión --- kapitálové investičné požiadavky --- capital investment requirement --- kërkesë për investime kapitale --- Kapitalinvestition --- rischio di investimento --- necesitatea investițiilor de capital --- cheltuieli de capital --- tasso d'investimento --- beruházási igény --- shpenzime kapitale --- kapitali investeerimisnõue --- kapitálové výdavky --- befektetés --- investeringsbehov --- befektetési igény --- besoin d'investissement --- капитална инвестиција --- kapitālieguldījumu izdevumi --- επενδυτική ανάγκη --- investoinnit --- investiční výdaje --- investavimas --- propensione agli investimenti --- kapitaalinvestering --- fabbisogno d'investimento --- kapitalinvestering --- kapitalinės išlaidos --- επένδυση κεφαλαίων --- investimento de capitais --- investissement de capitaux --- Europos energetikos chartija --- Ευρωπαϊκός Χάρτης Ενέργειας --- Det europæiske energicharter --- evropská energetická charta --- Europees Energiehandvest --- Carta europea dell'energia --- Karta Europiane e Energjisë --- Európai Energia Charta --- Европейска енергийна харта --- Evropska energetska listina --- Carta europeană a energiei --- Euroopa energiaharta --- Európska charta o energii --- Europeiska energistadgan --- Europäische Energiecharta --- Europejska Karta Energetyczna 1991 --- Европска повеља о енергији --- Carta Europea de la Energía --- Karta Ewropea dwar l-Enerġija --- Euroopan energiaperuskirja --- Eiropas Enerģētikas Harta --- Europska energetska povelja --- Европска енергетска повелба --- Carta Europeia da Energia --- charte européenne de l'énergie --- Europska povelja o energiji --- ECT

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