Cover Image

RESOURCE ALLOCATION AND ASSET PRICING

This 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.
Year of publication:
2002
Authors: Chambers, Robert G. ; Quiggin, John C.
Institutions: Department of Agricultural and Resource Economics, University of Maryland
Subject: Demand and Price Analysis
freely available
Full text |
Check Google Scholar
In German libraries (KVK)
I need help
Extent:
application/pdf
Series:
Type of publication: Book / Working Paper
Notes:
The text is part of a series Department of Agricultural and Resource Economics>Working Papers Number 28571
Source:
Persistent link: https://www.econbiz.de/10004989010
Similar items by subject
Similar items by person