scispace - formally typeset
R

Robert S. Pindyck

Researcher at Massachusetts Institute of Technology

Publications -  229
Citations -  40956

Robert S. Pindyck is an academic researcher from Massachusetts Institute of Technology. The author has contributed to research in topics: Investment (macroeconomics) & Consumption (economics). The author has an hindex of 74, co-authored 227 publications receiving 39852 citations. Previous affiliations of Robert S. Pindyck include National Bureau of Economic Research.

Papers
More filters
Book

Investment Under Uncertainty

TL;DR: In this article, Dixit and Pindyck provide the first detailed exposition of a new theoretical approach to the capital investment decisions of firms, stressing the irreversibility of most investment decisions, and the ongoing uncertainty of the economic environment in which these decisions are made.
Book

Econometric Models and Economic Forecasts

TL;DR: First course in Econometrics in Economics Departments at better schools, also Economic/Business Forecasting prerequisite but no calculus as mentioned in this paper, slightly higher level and more comprehensive than Gujarati.
Posted Content

Irreversibility, Uncertainty, and Investment

TL;DR: In this article, the authors present some simple models of irreversible investment, and show how optimal investment rules and the valuation of projects and firms can be obtained from contingent claims analysis, or alternatively from dynamic programming.
ReportDOI

Irreversibility, Uncertainty, and Investment

TL;DR: In this article, the authors review some basic models of irreversible investment to illustrate the option-like characteristics of investment opportunities, and show how optimal investment rules can be obtained from methods of option pricing, or alternatively from dynamic programming.
Posted Content

Irreversible Investment, Capacity Choice, and the Value of the Firm

TL;DR: In this paper, a model of capacity choice and utilization consistent with value maximization when investment is irreversible and future demand is uncertain is developed, and it is shown that for moderate amounts of uncertainty, the firm's optimal capacity is much smaller than it would be if investment were reversible, and a large fraction of the firm value is due to the possibility of future growth.