This book builds on these studies and constructs a toolkit of theoretical models to analyze them.

Lawlessness and Economics Alternative Modes of Governance

Business & Money

Avinash K. Dixit

Economics

Oxford University Press

The Art of Strategy: A Game Theorist's Guide to Success in Business and Life

Barry J. Nalebuff

W.W.Norton&Company

Games of Strategy (Fifth Edition)

Susan Skeath

David McAdams

Games of Strategy

Science & Math

Mathematics

W.W.Norton

Thinking Strategically: Competitive Edge in Business, Politics and Everyday Life (Norton Professiona

W.W.Norton & Co

The Making of Economic Policy: A Transaction Cost Politics Perspective

Politics & Social Sciences

Politics & Government

MIT Press (MA)

How should firms decide whether and when to invest in new capital equipment, additions to their workforce, or the development of new products? Why have traditional economic models of investment failed to explain the behavior of investment spending in the United States and other countries? In this book, Avinash Dixit and Robert Pindyck provide the first detailed exposition of a new theoretical approach to the capital investment decisions of firms, stressing the irreversibility of most investment decisions, and the ongoing uncertainty of the economic environment in which these decisions are made. In so doing, they answer important questions about investment decisions and the behavior of investment spending.
 This new approach to investment recognizes the option value of waiting for better (but never complete) information. It exploits an analogy with the theory of options in financial markets, which permits a much richer dynamic framework than was possible with the traditional theory of investment. The authors present the new theory in a clear and systematic way, and consolidate, synthesize, and extend the various strands of research that have come out of the theory. Their book shows the importance of the theory for understanding investment behavior of firms; develops the implications of this theory for industry dynamics and for government policy concerning investment; and shows how the theory can be applied to specific industries and to a wide variety of business problems.

Investment under Uncertainty

Robert S. Pindyck

Princeton University Press

This book expounds trade theory emphasizing that a trading equilibrium is general rather than partial, and is often best modelled using dual or envelope functions. This yields a compact treatment of standard theory, clarifies some errors and confusions, and produces some new departures. In particular, the book (i) gives unified treatments of comparative statics and welfare, (ii) sheds new light on the factor-price equalization issue, (iii) treats the modern specific-factor model in parallel with the usual Heckscher-Ohlin one, (iv) analyses the balance of payments in general equilibrium with flexible and fixed prices, (v) studies imperfect competition and intra-industry trade.

Theory of International Trade (Cambridge Economic Handbooks)

Victor D Norman

Nisbet

The Art of Strategy

VIVA BOOKS PRIVATE LIMITED

The Art of Str ategy: A Game Theorist’s Guide to Success in Business and Life (Chinese Edition) by Avinash Dixit, Barry J. Nalebuff

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Books by Avinash K. Dixit