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


Winter, Joachim



DOI: https://doi.org/10.1007/978-3-642-99803-4
URL: https://www.springer.com/de/book/9783790811544
Document Type: Doctoral dissertation
Year of publication: 1998
Place of publication: Heidelberg
Publishing house: Physica-Verlag
ISBN: 978-3-7908-1154-4 , 3-7908-1154-8 , 978-3-642-99803-4
University: Universität Mannheim
Evaluator: Börsch-Supan, Axel
Date of oral examination: 18 February 1997
Publication language: English
Institution: School of Law and Economics > VWL insb Makroök u Wirtschaftspol (Börsch-Supan)
Subject: 330 Economics
Abstract: Introduction.- Theroy and Empirics of Investment: A Selective Review of the Literature: Theories of Firm Investment and their Empirical Performance; Firm Investment Under Financial Constraints; Non-standard Constraints and Firm Behavior: A Research Program.- A Dynamic Programming Framework for the Analysis of Firm Decisions: An Introduction to Markov Decision Processes; Strategies for the Econometric Analysis of Dynamic Decision Processes; An Application: Firms'Joint Investment and Exit Decisions.- Plant-level Investment and Exit Decisions and Firm-level Financial Status: Introduction and Overview; Alternative Measures of a Firm's Financial Status; The Empirical Model of Firm Behavior Under Financial Constraints; Description of the Plant-level Dataset; A Reduced-form Model of Plant Growth and Exit; Empirical Results for the Structural Model of Investment and Exit; Summary and Discussion.- Concluding Remarks.

Dieser Eintrag ist Teil der Universitätsbibliographie.




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