Background
Dixit, Avinash Kamalakar was born on June 8, 1944 in Bombay. Son of Kamalakar Ramachandra and Kusum Dixit.
( How should firms decide whether and when to invest in n...)
How should firms decide whether and when to invest in new capital equipment, additions to their workforce, or the development of new products? Why have traditional economic models of investment failed to explain the behavior of investment spending in the United States and other countries? In this book, Avinash Dixit and Robert 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. In so doing, they answer important questions about investment decisions and the behavior of investment spending. This new approach to investment recognizes the option value of waiting for better (but never complete) information. It exploits an analogy with the theory of options in financial markets, which permits a much richer dynamic framework than was possible with the traditional theory of investment. The authors present the new theory in a clear and systematic way, and consolidate, synthesize, and extend the various strands of research that have come out of the theory. Their book shows the importance of the theory for understanding investment behavior of firms; develops the implications of this theory for industry dynamics and for government policy concerning investment; and shows how the theory can be applied to specific industries and to a wide variety of business problems.
http://www.amazon.com/gp/product/0691034109/?tag=2022091-20
( What makes this the best-selling text on Game Theory? ...)
What makes this the best-selling text on Game Theory? Games of Strategy, famous for its simple yet accurate exposition and its great examples and exercises, has been extensively revised for this Fourth Edition. The key to its broad success is that the authors assume no prior knowledge of game theory and present the material in the most accessible way possible. With new and improved features and compelling end-of-chapter exercises, this Fourth Edition of Games of Strategy continues to engage students around the world.
http://www.amazon.com/gp/product/0393124444/?tag=2022091-20
(This book expounds trade theory emphasizing that a tradin...)
This book expounds trade theory emphasizing that a trading equilibrium is general rather than partial, and is often best modelled using dual or envelope functions. This yields a compact treatment of standard theory, clarifies some errors and confusions, and produces some new departures. In particular, the book (i) gives unified treatments of comparative statics and welfare, (ii) sheds new light on the factor-price equalization issue, (iii) treats the modern specific-factor model in parallel with the usual Heckscher-Ohlin one, (iv) analyses the balance of payments in general equilibrium with flexible and fixed prices, (v) studies imperfect competition and intra-industry trade.
http://www.amazon.com/gp/product/0521299691/?tag=2022091-20
(Thinking Strategically: The Competitive Edge in the Busin...)
Thinking Strategically: The Competitive Edge in the Business, Politics and Everyday Life / Senryakuteki shiko? to wa nani ka: Eru daigakushiki gemu riron no hasso ho
http://www.amazon.com/gp/product/448491123X/?tag=2022091-20
Dixit, Avinash Kamalakar was born on June 8, 1944 in Bombay. Son of Kamalakar Ramachandra and Kusum Dixit.
Bachelor of Science (Maths, and Physics) Bombay University, 1963. Bachelor of Arts (Mathematics) University of Cambridge, Cambridge, United Kingdom, 1965. Doctor of Philosophy Massachusetts Institute of Technology, Cambridge, Mass., USA, 1968.
Acting Assistant Professor, University California Berkeley, 1968-1969. Tutor Economics, Balliol College Oxford, 1970-1974. Professor of Economics, University Warwick, Coventry, United Kingdom,1974-1980.
Visiting Professor, Massachusetts Institute of Technology, Cambridge, Mass., USA, 1977. Professor Economics and International Affairs, Princeton University, Princeton, New Jersey, United States of America, since 1980. Editorial Board, Assistant Editor, Review of Economic Studies, 1970-1980, 1975-1978.
Association Editor, Journal of Economic Theory, 1972-1975. Association Ed, Econometrica, 1978-1983. Co-editor, Bell Journal of Economics, 1981-1983.
( How should firms decide whether and when to invest in n...)
( What makes this the best-selling text on Game Theory? ...)
(Thinking Strategically: The Competitive Edge in the Busin...)
(This book expounds trade theory emphasizing that a tradin...)
Author: (books) Thinking Strategically, 1991, Investment Under Uncertainty, 1994, Games of Strategy, 1999, Theory of International Trade, 1980.
Have contributed to theoretical research in several areas of economics, including international trade, industrial organisation, public finance, and growth and development. The work mainly concerns characterisation of market equilibria and design of policies.
Fellow: Econometric Society (president 2001). Member: National Academy of Sciences, American Economic Association (vice president 2002, president 2008), Indian Econometric Society (Mahalanobis International medal 1985), American Academy Arts and Sciences (economics membership panel chair, 1999-2000, member nominating committee 2001-2003).