Isbn: 9781334476150 - inflation, uncertainty, and investment (classic reprint) (3 Ergebnisse)

PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Zustand: New. Print on Demand. This book examines the effects of inflation on a firm's investments in fixed assets, particularly machinery. The author analyzes how inflation and interest rates impact the value of tax shields on a firm's assets and the impact of price uncertainty on replacement costs. The text delves into the concept of real options and discusses how the volatility of relative prices affects the choice between short and long-lived assets. Insights from this book can help businesses understand the complex relationship between inflation, interest rates, and investment decisions. The analysis highlights the non-monotonic effect of inflation on investment and the significance of price uncertainty in shaping optimal asset selection. The author argues that a flexible approach to investment, embracing the option value of switching between technologies, can enhance a firm's long-term performance. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.…