Boyle, Glenn; Guthrie, Graeme; Quigley, Neil - In: Accounting and Finance 49 (2009) 3, pp. 465-479
A problem that often arises in applied finance is one where decision-makers need to choose a value for some parameter that will affect the cash flows between two parties involved in the operation of an illiquid asset. Because the values of the cash flows also depend on various unobservable...
