BIROn - Birkbeck Institutional Research Online

    Dynamic project selection

    Nikandrova, Arina and Pancs, R. (2018) Dynamic project selection. Theoretical Economics 13 (1), pp. 115-143. ISSN 1933-6837.

    [img] Text
    Dynamic Project Selection.pdf - Author's Accepted Manuscript
    Restricted to Repository staff only

    Download (10MB)
    [img] Text
    Supplementary Appendix Dynamic Project Selection.pdf - Supplemental Material
    Restricted to Repository staff only

    Download (298kB)
    [img]
    Preview
    Text
    18610.pdf - Published Version of Record
    Available under License Creative Commons Attribution.

    Download (5MB) | Preview

    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

    Activity Overview
    6 month trend
    362Downloads
    6 month trend
    398Hits

    Additional statistics are available via IRStats2.

    Archive Staff Only (login required)

    Edit/View Item
    Edit/View Item