Liquidity Preference Under Uncertainty: A Model of Dynamic Investment in Illiquid Assets, November 1978 (Classic Reprint) - Tapa blanda
Sinopsis
Excerpt from Liquidity Preference Under Uncertainty: A Model of Dynamic Investment in Illiquid Assets, November 1978
In what follows, we shall consistently distinguish between investments and opportunities. Opportunities in our model are potential capital investments, which the investor perceives, but has not yet acted upon. An opportunity becomes an investment if and only if the investor acts to accept it (commits resources to it).
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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Reseña del editor
Excerpt from Liquidity Preference Under Uncertainty: A Model of Dynamic Investment in Illiquid Assets, November 1978
In what follows, we shall consistently distinguish between investments and opportunities. Opportunities in our model are potential capital investments, which the investor perceives, but has not yet acted upon. An opportunity becomes an investment if and only if the investor acts to accept it (commits resources to it).
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Reseña del editor
Excerpt from Liquidity Preference Under Uncertainty: A Model of Dynamic Investment in Illiquid Assets, November 1978
The paper presents a mathematical model of optimal investment in illiquid assets. Specifically, the model addresses the problem of an investor with limited capital resources, who makes sequential decisions on long-term investments under uncertainty as to future opportunities. The model demonstrates that such an investor will optimally demand a higher rate of return on investments in long-term, unmarketable assets and that the size of the premium demanded is an increasing function of the duration of the illiquid investment.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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Liquidity Preference Under Uncertainty (Classic Reprint)
Impresión bajo demandaLibrería: Forgotten Books, London, Reino Unido
Calificación del vendedor: 5 de 5 estrellas
Paperback. Condición: New. Print on Demand. This book delves into the intricate relationship between liquidity and investment decisions, focusing on the dynamics of investing in illiquid assets under uncertainty. The author develops a mathematical model that explores how investors weigh liquidity risks against potential returns, demonstrating that rational investors demand higher rates of return for long-term, unmarketable investments. This liquidity premium increases with the duration of the investment, highlighting the significance of considering the time value of money in investment decisions. The book provides valuable insights into the behavior of investors in uncertain markets and contributes to the understanding of how liquidity affects investment strategies. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Nº de ref. del artículo: 9781332268160_0
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Liquidity Preference Under Uncertainty A Model of Dynamic Investment in Illiquid Assets, November 1978 Classic Reprint
Librería: PBShop.store US, Wood Dale, IL, Estados Unidos de America
Calificación del vendedor: 5 de 5 estrellas
PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000. Nº de ref. del artículo: LW-9781332268160
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Liquidity Preference Under Uncertainty A Model of Dynamic Investment in Illiquid Assets, November 1978 Classic Reprint
Librería: PBShop.store UK, Fairford, GLOS, Reino Unido
Calificación del vendedor: 5 de 5 estrellas
PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000. Nº de ref. del artículo: LW-9781332268160
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EUR 16,46
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Cantidad disponible: 15 disponibles