Capital and Uncertainty: The Capital Investment Process in a Market Economy

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Edward Elgar, Jan 1, 2000 - Business & Economics - 212 pages
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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.

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Contents

Introduction
1
The nature of capital investment decisions
10
Choice risk and uncertainty
15
Copyright

13 other sections not shown

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About the author (2000)

Ian C. Runge is Director at Capital Strategy Pty Ltd., Brisbane, Australia.

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