Optimal capital structure and investment decisions under time-inconsistent preferences

DOI10.1016/J.JEDC.2016.02.001zbMath1401.91066OpenAlexW2282615508MaRDI QIDQ1656776

Yuan Tian

Publication date: 10 August 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2016.02.001

zbMATH Keywords

defaulttime inconsistencyinvestmentquasi-hyperbolic discountingcapital structure

Mathematics Subject Classification ID

Stochastic models in economics (91B70) Microeconomic theory (price theory and economic markets) (91B24) Economic dynamics (91B55)

Related Items (9)

Self-coordination in time inconsistent stochastic decision problems: a planner-doer game framework ⋮ Hedge fund's dynamic leverage decisions under time-inconsistent preferences ⋮ Equilibrium periodic dividend strategies with non-exponential discounting for spectrally positive Lévy processes ⋮ Quasi-hyperbolic discounting under recursive utility and consumption-investment decisions ⋮ R\&D investment under time-inconsistent preferences ⋮ Valuation of mortgage interest deductibility under uncertainty: an option pricing approach ⋮ Investment and financing decisions in the presence of time-to-build ⋮ Real option duopolies with quasi-hyperbolic discounting ⋮ Present-biased government and sovereign debt dynamics

Cites Work

• Handbook of the economics of finance. Volume 2A. Corporate finance
• A game theory analysis of options. Corporate finance and financial intermediation in continuous time. With a forword by Heinz Zimmermann
• Golden Eggs and Hyperbolic Discounting
• Instantaneous Gratification *

This page was built for publication: Optimal capital structure and investment decisions under time-inconsistent preferences