Title: Optimal Long-Term Investment When Price Depends on Output (Classic Reprint)
Publisher: Forgotten Books
Publication Date: 2019
Language: English
ISBN 10: 0666585873
ISBN 13: 9780666585875
Binding: HRD
Condition: New
Weight: 291 grams

About this title

Synopsis

Understand when traditional NPV rules fall short for investment decisions in imperfect markets.

This book develops an explicit framework that links investment choices to how industry demand and prices respond to total output, helping firms maximize value over time.

Using a dynamic model, it shows how price, output, and opportunities interact across states of the industry. The approach explains why simply accepting projects with positive NPV may misprice future opportunities, and it offers a practical way to set decision cutoffs based on market conditions.

Learn how output‑driven prices affect the value of new investments in imperfectly competitive settings.
See why the standard NPV rule can be suboptimal when future opportunities matter and markets are not perfectly competitive.
Discover how to determine optimal cutoff points for accepting opportunities using industry demand and cost structures.
Explore example scenarios, including mining and other commodity or product industries, to ground the theory.

Ideal for readers seeking a rigorous, economics‑driven view of long‑term investment under uncertainty and imperfect competition.

"About this title" may belong to another edition of this title.

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