𝔖 Bobbio Scriptorium
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Entry and equilibrium under adjustment costs

✍ Scribed by Stephen F LeRoy


Book ID
115964251
Publisher
Elsevier Science
Year
1980
Tongue
English
Weight
744 KB
Volume
23
Category
Article
ISSN
0022-0531

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Real investment decisions under adjustme
✍ GΓ©rard Gaudet; Pierre Lasserre; Ngo Van Long πŸ“‚ Article πŸ“… 1998 πŸ› Elsevier Science 🌐 English βš– 200 KB

We study the cost-of-adjustment model of investment when there is asymmetry of information between owners (the principal) and managers (the agent). Information asymmetry distorts the relationship between investment and the cost of capital for all agent types, and a regime of inaction appears over a