Optimal capital policy, the cost of capital, and myopic decision rules

Author:

Arrow Kenneth J.

Publisher

Springer Science and Business Media LLC

Subject

Statistics and Probability

Reference10 articles.

1. K. J. Arrow, “Optimal capital adjustment,” Chapter 1 inStudies in Applied Probability and Management Science (eds. K. J. Arrow, S. Karlin, and H. Scarf), Stanford University Press, Stanford, Calif., 1962.

2. K. J. Arrow, M. Beckmann, and S. Karlin, “ Optimal expansion of the capacity of the firm,” Chapter 7 inStudies in the Mathematical Theory of Inventory and Production (eds. K. J. Arrow, S. Karlin, and H. Scarf), Stanford University Press, Stanford, Calif., 1958.

3. D. G. Champernowne, “ Expectations and the links between the economic future and the present,” inKeynes’s General Theory: Reports of Three Decades (ed. R. Lekachman), Macmillan, London, 1964, 174–202.

4. W. Feller, “ On the integral equation of renewal theory ”,Ann. Math. Statist., 12 (1941), 243–266.

5. J. M. Keynes,The General Theory of Employment, Interest and Money, Macmillan, London, 1936.

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