| Preface | |
| 1 | A New View of Investment | 3 |
| 2 | Developing the Concepts Through Simple Examples | 26 |
| 3 | Stochastic Processes and Ito's Lemma | 59 |
| 4 | Dynamic Optimization under Uncertainty | 93 |
| 5 | Investment Opportunities and Investment Timing | 135 |
| 6 | The Value of a Project and the Decision to Invest | 175 |
| 7 | Entry, Exit, Lay-Up, and Scrapping | 213 |
| 8 | Dynamic Equilibrium in a Competitive Industry | 247 |
| 9 | Policy Intervention and Imperfect Competition | 282 |
| 10 | Sequential Investment | 319 |
| 11 | Incremental Investment and Capacity Choice | 357 |
| 12 | Applications and Empirical Research | 394 |
| References | 429 |
| Symbol Glossary | 445 |
| Author Index | 449 |
| Subject Index | 455 |
