Download or read book Equilibrium Investment Under Uncertainty Measurement Errors and the Investment Accelerator written by Thomas J. Sargent and published by . This book was released on 1986 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Investment Under Uncertainty in Equilibrium written by Robert Novy-Marx and published by . This book was released on 2003 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Legacy of Robert Lucas Jr written by Kevin D. Hoover and published by Edward Elgar Publishing. This book was released on 1999 with total page 712 pages. Available in PDF, EPUB and Kindle. Book excerpt: Celebrates the legacy of Robert E. Lucas, Jr., winner of the Nobel Memorial Prize in Economic Science in 1994. Lucas was the founder of the New Classical School and is regarded as one of the most influential macroeconomists of the late 20th century. The 71 articles date from 1969 to 1995.

Download or read book An Equilibrium Model of Investment Under Uncertainty written by Robert Novy-Marx and published by . This book was released on 2004 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Information Uncertainty and Investment written by David Scott Bizer and published by . This book was released on 1988 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Journal of Monetary Economics written by and published by . This book was released on 1988 with total page 1040 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Report written by Hoover Institution on War, Revolution, and Peace and published by . This book was released on 1988 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Investment under Uncertainty Coalition Spillovers and Market Evolution in a Game Theoretic Perspective written by J.H.H Thijssen and published by Springer Science & Business Media. This book was released on 1988-11-15 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two crucial aspects of economic reality are uncertainty and dynamics. In this book, new models and techniques are developed to analyse economic dynamics in an uncertain environment. In the first part, investment decisions of firms are analysed in a framework where imperfect information regarding the investment's profitability is obtained randomly over time. In the second part, a new class of cooperative games, spillover games, is developed and applied to a particular investment problem under uncertainty: mergers. In the third part, the effect of bounded rationality on market evolution is analysed for oligopolistic competition and incomplete financial markets.

Download or read book Quarterly Review Federal Reserve Bank of Minneapolis written by Federal Reserve Bank of Minneapolis and published by . This book was released on 1989 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Two Essays on Inflation written by Selahattin İmrohoroğlu and published by . This book was released on 1988 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Investment Under Uncertainty written by Herminio Alonso Blanco Mendoza and published by . This book was released on 1978 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Revision and Realization of Investment Plans in the Finnish Manufacturing Industries in 1964 1986 written by Ilmo Pyyhtiä and published by . This book was released on 1989 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: Doctoral thesis investigating the factors affecting changes in investment plans in the Finnish manufacturing industries over the period 1964-1986.

Download or read book The Investment Decision Under Uncertainty written by Donald Eugene Farrar and published by . This book was released on 1967 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Adjustment Costs and International Trade Dynamics written by Joseph E. Gagnon and published by . This book was released on 1988 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Optimization of Stochastic Systems written by Masanao Aoki and published by . This book was released on 1989 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Preface The first edition of this book was written mainly for audiences with physical science and engineering backgrounds. Nevertheless, it reached some readers with economic and management science training. Analytical training of graduate students in economics and management sciences had progressed much in the last 20 years, and many new research results and optimization algorithms have also become available. My own interest in the meantime has shifted to the analysis of dynamics and optimization problems of economic and management science origin. With these developments and changes, I decided to rewrite much of the first edition to make it more accessible to graduate students and professionals in social sciences. I have also incorporated some new analytic tools that I deem useful in analyzing the dynamic and stochastic problems which confront these readers. I hope that my efforts successfully bring intertemporal optimization problems closer to economics professionals. New topics introduced into this second edition appear mostly in Chapters 2, 4, 5, 6, and 8. Martingales and martingale differences are introduced early in Chapter 2. Some limit theorems and asymptotic properties of linear state space models driven by martingale differences are presented. Because many excellent books are available on martingales and their limit theorems, derivations and proofs are mostly sketchy, and readers are referred to these sources. The results in Chapteer 2 are applied in Chapters 5, 6, and 8, among other places. The notion of dynamic aggregation and its relation to cointegration and error-correction models are developed in Chapter 4. Some recursive parameter estimation schemes and their statistical properties are included in Chapters 5 and 6. Here again, books devoted entirely to these topics are available in the literature, and much had to be omitted to keep the second edition to a manageable size. In an appendix to Chapter 7, a potentially very powerful tool in proving convergence of adaptive schemes is outlined. Rational expectations models and their solution methods are developed in Chapter 8 because of their wide-spread interest to economists. A very important class of problems in sequential decision problems revolves around questions of approximating nonlinear dynamics or more generally complex situations with a sequence of less complex ones. Chapter 9 does not begin to do justice to this class of problems but is included as being suggestive of works to be done. When I first started contemplating the revision of the first edition, I benefited from a list of excellent suggestions from Rick van der Ploeg, though I did not necessarily incorporate all of his suggestions. Conversations with Thomas Sargent and Victor Solo were useful in organizing the material into the form of the second edition. I also benefited from discussions with Hashem Pesaran and correspondences with L. Broze in finalizing Chapter 8. Some material in this book was used as lecture notes in a graduate course in the Department of Economics, University of California, Los Angeles, the winter quarter of 1987. I thank the participants in the course for many useful comments. Key Features * This major revision of the First Edition addresses optimization problems stated in stochastic difference equations, which often contain uncertain or randomly varying parameters * Presents a set of concepts and techniques useful in analyzing or controlling stochastic dynamic processes, with possible incompletely specified characteristics * It discusses basic system properties such as: * Stability and observability * Dynamic programming formulations of optimal and adaptive control problems * Parameter estimation schemes and their convergence behavior * Solution methods for rational expectations models using martingale differences

Download or read book Investment Under Uncertainty Does Competition Matter written by Oliver Musshoff and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Empirical applications of real options models in competitive environments implicitly exploit the optimality of myopic planning. In a seminal paper [Leahy, J.V., 1993. Investment in Competitive Equilibrium: the Optimality of Myopic Behavior. Quarterly Journal of Economics 108, 1105-1133] shows that the optimal investment strategy of a myopic planner who ignores market entries and exits of competitors, as well as the resulting price effects, constitutes a market equilibrium under rather general conditions. As a result, the calculation of optimal investment strategies is simplified considerably because competition does not have to be taken into account. In this paper, however, we demonstrate by using simulation experiments that myopic planning may lead to non-optimal investment strategies. This is due to the fact that it is difficult, or even impossible, to specify the correct or equivalent price process for the myopic investor using real world data. We quantify the degree of suboptimality and propose measures to reduce the error.

Download or read book Investment in the Euro Area written by Ms.Bergljot Barkbu and published by International Monetary Fund. This book was released on 2015-02-19 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investment across the euro area remains below its pre-crisis level. Its performance has been weaker than in most previous recessions and financial crises. This paper shows that a part of this weakness can be explained by output dynamics, particularly before the European sovereign debt crisis. The rest is explained by a high cost of capital, financial constraints, corporate leverage, and uncertainty. There is a considerable cross country heterogeneity in terms of both investment dymanics and its determinants. Based on the findings of this paper, investment is expected to pick up as the recovery strengthens and uncertainty declines, but persistent financial fragmentation and high corporate leverage in some countries will likely continue to weigh on investment.