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Common priors under incomplete information: a unification

✍ Scribed by Klaus Nehring


Publisher
Springer
Year
2001
Tongue
English
Weight
125 KB
Volume
18
Category
Article
ISSN
0938-2259

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## Abstract The valuation of the firm and its assets has been done for a long time in the classic context of complete information. Several empirical tests of the main valuation methods reveal a divergence between theoretical prices and observed prices. These deviations might be explained by the sta