This book presents an up-to-date overview of the theory as well as the empirics of the relationship between investment …, the authors discuss both traditional investment models with uncertainty and the more modern option based models. They … present an overview of empirical results of the modelling of investment under uncertainty. In these examples, the effects of …

catastrophic in their consequences. Therefore, the elaboration of effective risk-management plans, aimed at formulating viable … management of environmental risks - environmental pollution risk and natural catastrophe risk in particular. It discusses the … issue of insurability of such risks, analyses the increasing risk of liability for environmental pollution and the …

exposition of the risk/return trade-off and how major capital investment decisions are made within firms. Topics studied include … analysing capital investment choice as a process. The understanding of this process requires some modification and significant …: * the nature of capital investment decisions * entrepreneurship and the market order * capital investment choice processes …

In Finance, Investment and Macroeconomics, Myron J. Gordon advances a theory of finance and investment under … uncertainty and risk aversion which resolves problems left unsolved by Keynes in a manner consistent with his work. Keynes … established that both the short-run and long-run performance of a capitalist system depend upon investment, but he failed to …

catastrophe risk and to reducing the economic and insurance market disruption that often follows catastrophic events. …