Optimal Long-Term Investment When Price Depends on Output (Classic Reprint) - Couverture souple

Carliss Y. Baldwin

Couverture souple

ISBN 10 : 1332273327 ISBN 13 : 9781332273324

Editeur : Forgotten Books, 2018

Synopsis

Understand when traditional NPV rules fall short for investment decisions in imperfect markets. This book develops an explicit framework that links investment choices to how industry demand and prices respond to total output, helping firms maximize value over time.

Using a dynamic model, it shows how price, output, and opportunities interact across states of the industry. The approach explains why simply accepting projects with positive NPV may misprice future opportunities, and it offers a practical way to set decision cutoffs based on market conditions.

• Learn how output‑driven prices affect the value of new investments in imperfectly competitive settings.


• See why the standard NPV rule can be suboptimal when future opportunities matter and markets are not perfectly competitive.


• Discover how to determine optimal cutoff points for accepting opportunities using industry demand and cost structures.


• Explore example scenarios, including mining and other commodity or product industries, to ground the theory.

Ideal for readers seeking a rigorous, economics‑driven view of long‑term investment under uncertainty and imperfect competition.

Détails de l'édition

• Éditeur: Forgotten Books
• Date d'édition: 2018
• Langue: anglais
• ISBN 10: 1332273327
• ISBN 13: 9781332273324
• Reliure: Broché
• Nombre de pages: 61
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