Investment, Vol. 1: Capital Theory and Investment Behavior
Editorial Reviews
Book Description
These studies of the cost of capital will inspire and guide policy-makers who share the goal of making the allocation of capital in a market economy more efficient.
Volume 1 presents pioneering studies of the cost of capital as a determinant of investment expenditures. The cost of capital summarizes the future consequences of investment essential for current decisions. This concept has become an indispensible tool for studying the dynamics of investment behavior. Both macroeconome tric models and intertemporal general equilibrium models have employed the cost of capital as a determinant of short- and long-term investment expenditures.
Book Info
A comprehensive treatment of the cost-of-capital approach for analysis of the economic impact of tax policy. Explains why this particular approach should be the first choice, and which avenues for tax reforms are suggested by this approach. DLC: Capital investments--United States.
--This text refers to the
Hardcover
edition.
Investment, Vol. 1: Capital Theory and Investment Behavior
Investment, Vol. 1: Capital Theory and Investment Behavior,Dale W. Jorgenson,The MIT Press,0262100568,Business & Economics,Business / Economics / Finance,Business/Economics,Capital Management,Capital costs,Capital investments,Corporations,Economics - Theory,Finance,Income tax,Investments & Securities - General,United States,Business & Economics / Economics / General
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