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Capital and Uncertainty

Author

Listed:
  • Ian Runge

Abstract

This book is an important addition to the emerging body of new work on capital. Its primary contribution is in analysing capital investment choice as a process. The understanding of this process requires some modification and significant extension to the standard neo-classical economic tools. Capital and Uncertainty is a non-mathematical text, modernizing and adding to the existing thought in this area, with insights from game theory, rational choice under uncertainty and new institutional economics. Dr Runge also draws upon 25 years of business experience in setting out a thorough and immensely practical exposition of the risk/return trade-off and how major capital investment decisions are made within firms.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • Ian Runge, 2000. "Capital and Uncertainty," Books, Edward Elgar Publishing, number 1990.
    • Handle: RePEc:elg:eebook:1990
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    File URL: https://www.elgaronline.com/view/book/9781035304141/9781035304141.xml
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    Citations

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    Cited by:

    1. Kataria, Karin & Curtiss, Jarmila & Balmann, Alfons, 2012. "Drivers of Agricultural Physical Capital Development: Theoretical Framework and Hypotheses," Factor Markets Working Papers 122, Centre for European Policy Studies.

    Book Chapters

    The following chapters of this book are listed in IDEAS

    More about this item

    Keywords

    Economics and Finance;

    JEL classification:

    • L0 - Industrial Organization - - General
    • D0 - Microeconomics - - General

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