Investment and exit decisions at the plant level. A dynamic programming approach
The contents of the book is the following. 1. Introduction. 2. Theory and empirics of investment: a selective review of the literature. There are references to non-standard and financial constraints and a review of the research program for the structural empirical analysis of firm behavior in this chapter. 3. A dynamic programming framework for the analysis of firm decisions. In particular, the author solves numerically the Bellmann equation \[ V(y,z)=\max_{a\in A(y,z)}[u(y,z,a)+b\int V(g(y,a,z,z'),z')q(dz'|z) \] by successive approximation and Newton-Kantorovich iterations. 4. Plant-level investment and exit decision and firm-level financial status. 5. Concluding remarks.
- Optimal dynamic investment policies of a value maximizing firm
- Entry and exit decisions based on a discount factor approach
- Investment under uncertainty: calculating the value function when the Bellman equation cannot be solved analytically
- Multi-factor dynamic investment under uncertainty
- Dynamic models of the firm. Determining optimal investment, financing and production policies by computer
This page was built for publication: Investment and exit decisions at the plant level. A dynamic programming approach
Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1977409)
