This is a study of the investment behaviour of business firms in an uncertain environment. It begins with a general overview of the role of investment in economics. The theory of investment is then examined in a context of risk and uncertainty, taking account of economic theory, and management and decision theory. The authors go on to analyze the theory of risk and uncertainty, focusing on the integration of a coherent account of risk with models of investment behaviour. The book also offers a construction of a set of measures of uncertainty and the use of these in the econometric estimation of investment behaviour, at both aggregate and industry level.
- ISBN10 063117334X
- ISBN13 9780631173342
- Publish Date 2 April 1992
- Publish Status Out of Print
- Out of Print 14 May 1997
- Publish Country GB
- Publisher John Wiley and Sons Ltd
- Imprint Blackwell Publishers
- Format Hardcover
- Pages 176
- Language English