A study of capital, analyzing capital investment choice as a process. It 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 experience in setting out a practical exposition of the risk/return trade-off and how major capital investment decisions are made within firms.
A study of capital, analyzing capital investment choice as a process. It is a non-mathematical text, modernizing and adding to the existing thought in...