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Investment and exit decisions at the plant level : a dynamic programming approach /

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This book develops a dynamic programming framework for the analysis of firms' joint investment and market exit decisions and reviews methods for econometric estimation of such models. In an empirical application of this framework, a version of this model that allows for financial constraints is...

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Bibliographic Details
Main Author: Winter, Joachim
Corporate Author: SpringerLink (Online service)
Format: eBook
Language:English
Published: Heidelberg ; New York : Physica-Verlag, 1998.
Series:Contributions to economics.
Subjects:
Corporations > Finance > Mathematical models.
Investments > Mathematical models.
Electronic books.
Online Access:Connect to the full text of this electronic book
Table of Contents:
  • Introduction
  • Theory and Empirics of Investment: A Selective Review of the Literature
  • A Dynamic Programming Framework for the Analysis of Firm Decisions
  • Plant-level Investment and Exit Decisions and Firm-level Financial Status
  • Concluding Remarks.