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Language: en
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Type: BOOK - Published: 2017 - Publisher:
This paper develops a dynamic model of capital structure and investment. In a world with low and high ability managers, the former mask as the latter, but to do
Language: en
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Pages:
Type: BOOK - Published: 2011 - Publisher:
Language: en
Pages: 40
Pages: 40
Type: BOOK - Published: 2002 - Publisher: World Bank Publications
Language: en
Pages: 61
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Type: BOOK - Published: 2014 - Publisher:
We present a dynamic general equilibrium model with heterogeneous firms. Owners of the firms delegate investment decisions to managers, whose consumption and in
Language: en
Pages: 266
Pages: 266
Type: BOOK - Published: 2009 - Publisher:
Relative used capital price, the measure of irreversibility, is fixed in almost all the investment literature. This dissertation introduces investment models wi