Investment decisions under incomplete markets in the presence of wealth effects

DOI10.1007/s00712-021-00731-1zbMath1479.91439OpenAlexW3131620963MaRDI QIDQ2056878

Jinqiang Yang, Yingjie Niu, Zhentao Zou

Publication date: 8 December 2021

Published in: Journal of Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00712-021-00731-1

zbMATH Keywords

incomplete marketsreal optionsadditive structurewealth effectspower utility

Mathematics Subject Classification ID

Corporate finance (dividends, real options, etc.) (91G50)

Cites Work

• The Pricing of Options and Corporate Liabilities
• Optimal consumption and savings with stochastic income and recursive utility
• Incomplete markets, ambiguity, and irreversible investment
• Valuing the option to invest in an incomplete market
• Corporate control and real investment in incomplete markets
• Credit rationing or entrepreneurial risk aversion? An alternative explanation for the Evans and Jovanovic finding
• Time preference and real investment
• Investment under uncertainty with financial constraints
• REAL OPTIONS WITH COMPETITION AND REGIME SWITCHING
• Tobin's Marginal q and Average q: A Neoclassical Interpretation

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