Browsing Discussion papers (FOR) by Author "Mæland, Jøril"
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Valuation of irreversible investments : private information about the investment cost
Mæland, Jøril (Discussion paper, Working paper, 1999-11)This article examines dynamic investment decisions when there is an agency problem. A principal delegates the decision of an investment strategy of a project to an agent. The agent has private information about the investment ...