This monograph starts with a survey of the One-Relative- Price (Q value) Theory of Investment and then explores the richness of the Many-Relative-Price Theory of Investment: Firstly a tractable model of modernization investment is presented which recognizes that in modern economies more than half of the gross investments consists of replacement investments, and that the main motive for replacement investments is to modernize the capital stock. This model predicts that an activation of investments by fiscal policy is only possible at the cost of causing an ageing of capital stock. Secondly a model is presented in which initial over- or underinvestments cause further over- or underinvestments and thus have a persistent effect on the structureof the capital stock. This model explains why in centrally planned economies a rapid and persistently extensive growth was possibleand had to be followed by stagnation.
Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.
This monograph starts with a survey of the One-Relative- Price (Q value) Theory of Investment and then explores the richness of the Many-Relative-Price Theory of Investment: Firstly a tractable model of modernization investment is presented which recognizes that in modern economies more than half of the gross investments consists of replacement investments, and that the main motive for replacement investments is to modernize the capital stock. This model predicts that an activation of investments by fiscal policy is only possible at the cost of causing an ageing of capital stock. Secondly a model is presented in which initial over- or underinvestments cause further over- or underinvestments and thus have a persistent effect on the structureof the capital stock. This model explains why in centrally planned economies a rapid and persistently extensive growth was possibleand had to be followed by stagnation.
Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.
Vendeur : Wissenschaftl. Antiquariat Th. Haker e.K, Klettgau, Allemagne
Etat : Sehr gut. 236 p. In very good condition. ISBN: 9783540549796 Sprache: Englisch Gewicht in Gramm: 482 17,0 x 1,4 x 24,2 cm, softcover. N° de réf. du vendeur 58393
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Vendeur : BuchWeltWeit Ludwig Meier e.K., Bergisch Gladbach, Allemagne
Taschenbuch. Etat : Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -The investment good market, together with the consumer good market, the money market and the labour market, are indeed the most extensively studied markets. The exhaustive survey of investment theory by Eisner and Strotz, already quoted four hundred references in 1963, although this work advocating for adjustment costs, was in fact only carried out at the very beginning of modern investment theory! This chapter gives an introduction of the extensive field and is an attempt to present some key ideas of investment theory. 1) We show that modern investment theory is the integration of many traditional approaches. The content of the chapter is set as follows. Section 2 presents an illustrative model of investment theory. Section 3, using this model, describes the investment decision of the firm. Sections 4 to 10 each present a 'classical' investment hypothesis within the framework of the model. Section 11 concludes. For convenience, the key to the symbols used is given in Table 1. 2. The Model of the Firm Investment theory was born with the claim of Keynes (1936) that besides the capital demand (demand for a stock of capital at a point in time), an investment demand (demand for the increment of the capital stock in a period 1) Recent surveys are: Abel (1988), Coen and Eisner (1987) Artus and Muet (1984). The book on investment theory by Nickell (1978) is outstanding. 236 pp. Englisch. N° de réf. du vendeur 9783540549796
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Vendeur : moluna, Greven, Allemagne
Etat : New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. The investment good market, together with the consumer good market, the money market and the labour market, are indeed the most extensively studied markets. The exhaustive survey of investment theory by Eisner and Strotz, already quoted four hundred referen. N° de réf. du vendeur 4893400
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Vendeur : preigu, Osnabrück, Allemagne
Taschenbuch. Etat : Neu. New Issues in the Theory of Investment | Modernization and Persistence Effects | Marcel Savioz | Taschenbuch | XVI | Englisch | 1992 | Springer | EAN 9783540549796 | Verantwortliche Person für die EU: Springer Verlag GmbH, Tiergartenstr. 17, 69121 Heidelberg, juergen[dot]hartmann[at]springer[dot]com | Anbieter: preigu. N° de réf. du vendeur 102135766
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Vendeur : buchversandmimpf2000, Emtmannsberg, BAYE, Allemagne
Taschenbuch. Etat : Neu. This item is printed on demand - Print on Demand Titel. Neuware -The investment good market, together with the consumer good market, the money market and the labour market, are indeed the most extensively studied markets. The exhaustive survey of investment theory by Eisner and Strotz, already quoted four hundred references in 1963, although this work advocating for adjustment costs, was in fact only carried out at the very beginning of modern investment theory! This chapter gives an introduction of the extensive field and is an attempt to present some key ideas of investment theory. 1) We show that modern investment theory is the integration of many traditional approaches. The content of the chapter is set as follows. Section 2 presents an illustrative model of investment theory. Section 3, using this model, describes the investment decision of the firm. Sections 4 to 10 each present a 'classical' investment hypothesis within the framework of the model. Section 11 concludes. For convenience, the key to the symbols used is given in Table 1. 2. The Model of the Firm Investment theory was born with the claim of Keynes (1936) that besides the capital demand (demand for a stock of capital at a point in time), an investment demand (demand for the increment of the capital stock in a period 1) Recent surveys are: Abel (1988), Coen and Eisner (1987) Artus and Muet (1984). The book on investment theory by Nickell (1978) is outstanding.Springer-Verlag KG, Sachsenplatz 4-6, 1201 Wien 236 pp. Englisch. N° de réf. du vendeur 9783540549796
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Vendeur : AHA-BUCH GmbH, Einbeck, Allemagne
Taschenbuch. Etat : Neu. Druck auf Anfrage Neuware - Printed after ordering - The investment good market, together with the consumer good market, the money market and the labour market, are indeed the most extensively studied markets. The exhaustive survey of investment theory by Eisner and Strotz, already quoted four hundred references in 1963, although this work advocating for adjustment costs, was in fact only carried out at the very beginning of modern investment theory! This chapter gives an introduction of the extensive field and is an attempt to present some key ideas of investment theory. 1) We show that modern investment theory is the integration of many traditional approaches. The content of the chapter is set as follows. Section 2 presents an illustrative model of investment theory. Section 3, using this model, describes the investment decision of the firm. Sections 4 to 10 each present a 'classical' investment hypothesis within the framework of the model. Section 11 concludes. For convenience, the key to the symbols used is given in Table 1. 2. The Model of the Firm Investment theory was born with the claim of Keynes (1936) that besides the capital demand (demand for a stock of capital at a point in time), an investment demand (demand for the increment of the capital stock in a period 1) Recent surveys are: Abel (1988), Coen and Eisner (1987) Artus and Muet (1984). The book on investment theory by Nickell (1978) is outstanding. N° de réf. du vendeur 9783540549796
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Vendeur : Mispah books, Redhill, SURRE, Royaume-Uni
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