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Investment and Production : A Study in the Theory of the Capital- Using Ente...
- Item No : 365634875008
- Condition : Brand New
- Brand : No brand Info
- Seller : greatbookprices1
- Current Bid : US $60.23
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* Item Description
- Investment and Production : A Study in the Theory of the Capital- Using Enterprise, Hardcover by Smith, Vernon L., ISBN 0674465008, ISBN-13 9780674465008, Brand New, Free shipping in the US
Developing a unified theory of production and investment, Vernon L. Smith explores the empirical and theoretical nature of the interdependence between “short-run” current account production decisions and “long-run” investment planning, taking into account such technological factors as equipment replacement. Th builds an explicit theory of production planning by integrating production, investment, and equipment replacement policy, derives the decision implications of the use of durable capital goods, and examines the production function concept and the production decision process in engineering design and in general business practice.
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