Nikandrova, Arina and Pancs, R. (2018) Dynamic project selection. Theoretical Economics 13 (1), pp. 115-143. ISSN 1933-6837.
![[img]](https://eprints.bbk.ac.uk/style/images/fileicons/text.png) |
Text
Dynamic Project Selection.pdf - Author's Accepted Manuscript Restricted to Repository staff only Download (10MB) |
|
|
Text
Supplementary Appendix Dynamic Project Selection.pdf - Supplemental Material Restricted to Repository staff only Download (298kB) |
|
|
Text
18610.pdf - Published Version of Record Available under License Creative Commons Attribution. Download (5MB) | Preview |
Official URL: https://doi.org/10.3982/TE2379
Abstract
We study a normative model of an internal capital market that a company uses to choose between its two divisions’ projects. Each project’s value is initially unknown to all, but can be dynamically learned by the corresponding division. Learning can be suspended or resumed at any time and is costly. We characterize an internal capital market that maximizes the company’s expected cash flow.
Metadata
| Item Type: | Article |
|---|---|
| Keyword(s) / Subject(s): | reversible project selection |
| School: | Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School |
| Depositing User: | Arina Nikandrova |
| Date Deposited: | 08 May 2017 09:59 |
| Last Modified: | 02 Aug 2023 17:32 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/18610 |
Statistics
Downloads
Activity Overview
6 month trend
6 month trend
Additional statistics are available via IRStats2.
Archive Staff Only (login required)
Edit/View Item