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Aggregate Return on Investment for Investments under Uncertainty

Magni, Carlo Alberto - 2017

This paper deals with capital budgeting decisions under uncertainty. We present an Aggregate Return On Investment (AROI … constitutes a link between arbitrage choice theory and corporate investment theory, and shows that explicit discounting is not …

Persistent link: https://www.econbiz.de/10012973932

Market Timing, Farmer Expectations, and Liquidity Constraints

Albuquerque, Rui A.; Araujo, Bruno; Brandao Marques, Luis; … - 2021

This paper uses data on farmers' price expectations from a survey of randomly sampled smallholder farmers in Mozambique. Survey data show that across all crops most interviewed farmers expect prices to be higher in the lean season. Yet, farmers report selling most of their output shortly after...

Persistent link: https://www.econbiz.de/10013224273

Whole-Farm Planning Under Uncertainty : Impacts of Subsidy Scheme and Utility Function on Portfolio Choice in Norwegian Agriculture

Lien, Gudbrand; Hardaker, John B. - 2001

farm plans in Norwegian agriculture. Data from a farm business survey (1991-1997) are combined with subjective judgements …

Persistent link: https://www.econbiz.de/10014133609

Time-Consistency of Optimal Investment under Smooth Ambiguity

Balter, Anne - 2019

the unknown drift. Optimal investment in this setting is time-inconsistent: While utility is maximized by a precommitment … the strategy. In contrast, the optimal dynamically consistent investment strategy accounts for variations in the perceived … consistent strategy. This “point of regret” always lies near the middle of the investment horizon …

Persistent link: https://www.econbiz.de/10012901026

Regime Uncertainty and Optimal Investment Timing

Nishide, Katsumasa; Nomi, Ernesto Kazuhiro - 2009

effects of regime uncertainty on a firm's strategic investment decision, taking into consideration the remaining time to the …

Persistent link: https://www.econbiz.de/10014209938

Hedging Strategies in Forest Management

Marielle, Brunette; Couture, Stéphane; Langlais, Eric - 2011

The paper focuses on forests management strategies for natural hazards of nonindustrial owners, in the case where the forest provides nontimber services. We introduce a basic two-period model where the private owner manages natural hazards on his forest thanks to the accumulation of savings on...

Persistent link: https://www.econbiz.de/10014223590

The Most Dangerous Model : A Natural Benchmark for Assessing Model Risk

Major, John - 2015

We examine the problem of decision making using a probabilistic model when there is material uncertainty concerning the accuracy of the model coupled with limited information about it. Such conditions could hold, for example, for the user of a complex commercial model of natural catastrophe...

Persistent link: https://www.econbiz.de/10013022005

Chapter 8. Advances in Numerical Dynamic Programming and New Applications

Cai, Yongyang; Judd, Kenneth L. - In: Handbook of computational economics : volume 3, (pp. 479-516). 2014

Dynamic programming is the essential tool in dynamic economic analysis. Problems such as portfolio allocation for individuals and optimal economic growth are typical examples. Numerical methods typically approximate the value function. Recent work has focused on making numerical methods more...

Persistent link: https://www.econbiz.de/10014025714

Market timing and predictable profitability

Tarani, Sophia; Kyriazi, Foteini - In: International journal of portfolio analysis and … 2 (2024) 4, pp. 379-393

Persistent link: https://www.econbiz.de/10015064374

Securing Water for Agriculture : A Guide to Investment Decisions

World Bank - 2012

set up an incentive framework that encourages efficient water use and profitable high value agriculture. Evidence … sufficient to finance services to farmers. The broad challenge is to encourage both large- and small-scale private investment. …

Persistent link: https://www.econbiz.de/10012556820