WorldCat Identities

Pindyck, Robert S.

Overview
Works: 249 works in 1,214 publications in 9 languages and 12,344 library holdings
Genres: Case studies  Textbooks  Conference papers and proceedings  Handbooks and manuals 
Roles: Author, Editor
Classifications: HB172, 338.5
Publication Timeline
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Most widely held works by Robert S Pindyck
Microeconomics by Robert S Pindyck( Book )

270 editions published between 1988 and 2018 in 7 languages and held by 3,207 WorldCat member libraries worldwide

Provides an understanding of microeconomics, particularly on how it can be used outside of the classroom
Econometric models and economic forecasts by Robert S Pindyck( Book )

147 editions published between 1976 and 2008 in 4 languages and held by 2,276 WorldCat member libraries worldwide

This well known text helps students understand the art of model building - what type of model to build, building the appropriate model, testing it statistically, and applying the model to practical problems in forecasting and analysis
Investment under uncertainty by Avinash K Dixit( Book )

19 editions published between 1993 and 2008 in 3 languages and held by 798 WorldCat member libraries worldwide

The book shows the importance of the theory for understanding the investment behavior of firms. It develops the implications of this theory for industry dynamics and for government policy concerning investment. It also shows how the theory can be applied to specific industries and to a wide variety of business problems
The structure of world energy demand by Robert S Pindyck( Book )

13 editions published between 1979 and 2005 in English and held by 648 WorldCat member libraries worldwide

Price controls and the natural gas shortage by Paul W MacAvoy( Book )

8 editions published between 1975 and 1977 in English and held by 608 WorldCat member libraries worldwide

Optimal planning for economic stabilization; the application of control theory to stabilization policy by Robert S Pindyck( Book )

28 editions published between 1973 and 1975 in 3 languages and held by 519 WorldCat member libraries worldwide

Mikroökonomie by Robert S Pindyck( Book )

25 editions published between 1998 and 2016 in German and English and held by 408 WorldCat member libraries worldwide

Jeder von uns trifft Tag für Tag Entscheidungen, die dazu dienen, die eigene materielle Lebenssituation zu verbessern: Urlaub, Auto oder Eigenheim, Open-Air-Konzert, Stereo-Anlage oder Computer? Immer wieder ist zu entscheiden, welche Mengen von welchen Waren erworben und verbraucht bzw. benutzt und welche Dienstleistungen beansprucht werden. Jeder muss entscheiden, wie viel er arbeitet, um Einkommen zu erzielen, und welchen Teil seines Einkommens er sparen oder ausgeben will. Diesen Entscheidungen liegen mikroökonomische Überlegungen zugrunde. Neben einer Einführung in die VWL thematisieren die beiden Autoren die Marktlehre und den Wettbewerb. Lernziele und Übungen mit Lösungen zeichnen dieses Buch aus und erleichtern das Verständnis mikroökonomischer Zusammenhänge
The economics of the natural gas shortage (1960-1980) by Paul W MacAvoy( Book )

16 editions published between 1974 and 1975 in English and Dutch and held by 397 WorldCat member libraries worldwide

The structure of energy markets( Book )

7 editions published in 1979 in English and held by 145 WorldCat member libraries worldwide

The Production and pricing of energy resources( Book )

7 editions published in 1979 in English and held by 136 WorldCat member libraries worldwide

Economic instability and aggregate investment by Robert S Pindyck( Book )

19 editions published in 1993 in English and held by 74 WorldCat member libraries worldwide

A recent literature suggests that because investment expenditures are irreversible and can be delayed, they may be highly sensitive to uncertainty. We briefly summarize the theory, stressing its empirical implications. We then use cross-section and time-series data for a set of developing and industrialized countries to explore the relevance of the theory for aggregate investment. We find that the volatility of the marginal profitability of capital -- a summary measure of uncertainty -- affects investment as the theory suggests, but the size of the effect is moderate, and is greatest for developing countries. We also find that this volatility has little correlation with indicia of political instability used in recent studies of growth, as well as several indicia of economic instability. Only inflation is highly correlated with this volatility, and is also a robust explanator of investment
Network effects and diffusion in pharmaceutical markets : antiulcer drugs by Ernst R Berndt( Book )

15 editions published between 1997 and 1999 in English and held by 70 WorldCat member libraries worldwide

Abstract: We examine the role of network effects in the demand for pharmaceuticals at both the brand level and for a therapeutic class of drugs. These effects emerge when use of a drug by others conveys information about its efficacy and safety to patients and physicians. This can lead to herd behavior where a particular drug -- not necessarily the most efficacious or safest -- can come to dominate the market despite the availability of close substitutes, and can also affect the rate of market diffusion. Using data for H2-antagonist antiulcer drugs, we examine two aspects of these effects. First, we use hedonic price procedures to estimate how the aggregate usage of a drug affects brand valuation. Second, we estimate discrete-time diffusion models at both the industry and brand levels to measure the impact on rates of diffusion and market saturation
Expandability, reversibility, and optimal capacity choice by Avinash K Dixit( Book )

13 editions published between 1997 and 1998 in English and held by 68 WorldCat member libraries worldwide

We develop continuous-time models of capacity choice when demand fluctuates stochastically, and the firm's opportunities to expand or contract are limited. Specifically consider costs of investing or disinvesting that vary with time, or with the amount of capacity already installed. The firm's limited opportunities to expand or contract create call and put options on incremental units of capital; we show how the values of these options affect the firm's investment decisions
A markup interpretation of optimal rules for irreversible investment by Avinash K Dixit( Book )

15 editions published in 1997 in English and held by 63 WorldCat member libraries worldwide

We re-examine the basic investment problem of deciding when to incur a sunk cost to obtain a stochastically fluctuating benefit. The optimal investment rule satisfies a trade-off between a larger versus a later net benefit; we show that this trade-off is closely analogous to the standard trade-off for the pricing decision of a firm that faces a downward sloping demand curve. We reinterpret the optimal investment rule as a markup formula involving an elasticity that has exactly the same form as the formula for a firm's optimal markup of price over marginal cost. This is illustrated with several examples
Consumption externalities and diffusion in pharmaceutical markets : antiulcer drugs by Ernst R Berndt( Book )

13 editions published in 2000 in English and held by 62 WorldCat member libraries worldwide

We examine the role of consumption externalities in the demand for pharmaceuticals at both the brand level and over a therapeutic class of drugs. These effects emerge when use of a drug by others affects its value, and/or conveys information abut efficacy and safety to patients and physicians. This can affect that rate of market diffusion for a new entrant, and can lead to herb behavior whereby a particular drug can dominate the market despite the availability of close substitutes. We use data for H2-antagonist antiulcer drugs to estimate a dynamic demand model and quantify these effects. The model has three components: an hedonic price equation that measures how the aggregate usage of a drug, as well as conventional attributes, affect brand valuation; equations relating equilibrium market shares to quality-adjusted prices and marketing levels; and diffusion equations describing the dynamic adjustment process. We find that consumption externalities influence both valuations and rates of diffusion, but that they operate at the brand and not the therapeutic class level
The excess co-movement of commodity prices by Robert S Pindyck( Book )

11 editions published between 1987 and 1996 in English and held by 59 WorldCat member libraries worldwide

These data and/or computer programs are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the INVESTIGATOR(S) if further information is desired
Irreversibility, uncertainty, and investment by Robert S Pindyck( Book )

15 editions published between 1989 and 1991 in English and held by 53 WorldCat member libraries worldwide

Most investment expenditures have two important characteristics. First, they are largely irreversible; the firm cannot disinvest, so the expenditures are sunk costs. Second, they can be delayed, allowing the firm to wait for new information about prices, costs, and other marketing conditions before committing resources. An emerging literature has shown that this has important implications for investment decisions, and for the determinants of investment spending. Irreversible investment is especially sensitive to risk, whether with respect to future cash flows, interest rates, or the ultimate cost of the investment. Thus if a policy goal is to stimulate investment, stability and credibility may be more important than tax incentives or interest rates. This paper presents some simple models of irreversible investment, and shows how optimal investment rules and the valuation of projects and firms can be obtained from contingent claims analysis, or alternatively from dynamic programming. It demonstrates some strengths and limitations of the methodology, and shows how the resulting investment rules depend on various parameters that come from the market environment. It also reviews a number of results and insights that have appeared in the literature recently, and discusses possible policy implications
Mandatory unbundling and irreversible investment in telecom networks by Robert S Pindyck( Book )

11 editions published in 2004 in English and held by 42 WorldCat member libraries worldwide

This paper addresses the impact on investment incentives of the network sharing arrangements mandated by the Telecommunications Act of 1996, with a focus on the implications of irreversible investment. Although the goal is to promote competition, the sharing rules now in place reduce incentives to build new networks or upgrade existing ones. Such investments are irreversible -- they involve sunk costs. The basic framework adopted by regulators allows entrants to utilize such facilities at prices reflecting what it would cost a new, efficient, large-scale network to be built. Such sharing opportunities are extensive, covering virtually the entire suite of network services provided, and extremely flexible, as the entrant can rent facilities in small increments for short duration, with no long-term contracts required. Because the entrant does not bear the sunk costs, this leads to an asymmetric allocation of risk and return that is not properly accounted for in the pricing of network services, which creates a significant investment disincentive
Sunk costs and real options in antitrust by Robert S Pindyck( Book )

11 editions published in 2005 in English and held by 36 WorldCat member libraries worldwide

Sunk costs play a central role in antitrust economics, but are often misunderstood and mismeasured. I will try to clarify some of the conceptual and empirical issues related to sunk costs, and explain their implications for antitrust analysis. I will be particularly concerned with the role of uncertainty. When market conditions evolve unpredictably (as they almost always do), firms incur an opportunity cost when they invest in new capital, because they give up the option to wait for the arrival of new information about the likely returns from the investment. This option value is a sunk cost, and is just as relevant for antitrust analysis as the direct cost of a machine or a factory
Pricing capital under mandatory unbundling and facilities sharing by Robert S Pindyck( Book )

10 editions published in 2005 in English and held by 35 WorldCat member libraries worldwide

The regulation of telecommunications, railroads, and other network industries has been based on mandatory unbundling and facilities sharing - entrants have the option to lease part or all of incumbents' facilities if and when they desire, at rates determined by regulators. This flexibility is of great value to entrants, but because investments are largely irreversible, it is costly to supply by incumbents. However, pricing formulas used by regulators to set lease rates for capital do not compensate incumbents for this flexibility, so that incumbents are effectively forced to subsidized entrants, discouraging further investments. This paper shows how pricing formulas used to set lease rates can be adjusted to account for the transfer of option value from incumbents to entrants, and estimates the average size of the adjustment for land-based local voice telecommunications in the U.S
 
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Econometric models and economic forecasts
Alternative Names
Pindajk, Robert

Pindyck, Robert 1945-

Pindyck, Robert S.

Pindyck, Robert Stephen

Pindyck, Robert Stephen 1945-

Pyndyck, R. S. 1945-

Robert Pindyck economista estadounidense

Robert Pindyck économiste américain

Пиндайк, Роберт

Пиндайк, Роберт С.

핀다이크, 로버트 S

ピンダイク, ロバート・S.

ピンディク

ピンディック, R. S

ロバート・ピンダイク

Languages
English (537)

Spanish (53)

German (24)

Italian (17)

French (13)

Chinese (13)

Portuguese (6)

Japanese (2)

Dutch (2)

Covers
Econometric models and economic forecastsInvestment under uncertaintyThe structure of world energy demandMikroökonomie