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The evolution of conventions under incomplete information

✍ Scribed by Mogens Jensen; Birgitte Sloth; Hans Jørgen Whitta-Jacobsen

Publisher: Springer
Year: 2005
Tongue: English
Weight: 139 KB
Volume: 25
Category: Article
ISSN: 0938-2259
DOI: 10.1007/s00199-003-0460-6

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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