DETERMINING FIRM-SPECIFIC VALUES FOR RISKY INVESTMENTS
| dc.creator | Atwood, Joseph A. | |
| dc.date | 2017-04-01T19:57:33Z | |
| dc.date.accessioned | 2026-07-09T04:15:40Z | |
| dc.description | This article demonstrates that the usefulness of time-state contingent investment evaluation models need not be constrained by limited time-state contingent markets. Dual solutions to stochastic programs can be used to obtain firm-specific values for risky investments while allowing linear dependence between initial values and later time-state contingent income-technical coefficients. The model could be useful when the exogenous a priori determination of appropriate (and project-specific) risk-adjusted discount rates and/or certainty equivalents is difficult or when the cash equivalents of noncash investment effects are difficult to estimate. | |
| dc.identifier | doi:10.22004/ag.econ.32067 | |
| dc.identifier | https://ageconsearch.umn.edu/record/32067/files/15020196.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/32067 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/547234 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/32067 | |
| dc.title | DETERMINING FIRM-SPECIFIC VALUES FOR RISKY INVESTMENTS | |
| dc.type | Text |