RESOURCE ALLOCATION AND ASSET PRICING

dc.creatorChambers, Robert G.
dc.creatorQuiggin, John C.
dc.date2017-04-01T15:16:24Z
dc.date.accessioned2026-07-09T04:01:49Z
dc.descriptionThis paper presents a unified treatment of the production and financial decisions available to a firm facing frictionless financial markets and a stochastic production technology under minimal assumptions on the firm's stochastic technology and objective function. The key concept is that of a 'derivative-cost function', which gives the minimal cost (maximal buying price) of constructing an asset by combining financial and real production activities.
dc.identifierdoi:10.22004/ag.econ.28571
dc.identifierhttps://ageconsearch.umn.edu/record/28571/files/wp02-20.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/28571
dc.identifier.urihttp://hdl.handle.net/123456789/543745
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/28571
dc.titleRESOURCE ALLOCATION AND ASSET PRICING
dc.typeText

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