This paper presents a non-technical overview of the recent investment literature with a special emphasis on the connection between technological progress and the investment decision. First of all, we acknowledge that some dramatic advances have been made in the 1990s in understanding and...

This paper presents a non-technical overview of the recent investment literature witha special emphasis on the connection between technological progress and theinvestment decision. First of all, we acknowledge that some dramatic advances havebeen made in the 1990s in understanding and modelling...