Investment projects typically consist of an initial investment and some uncertain dividend. An example could be to build a factory and sell the produce at an uncertain market price. In the course investment projects are seen as flexible in the sense that investor is able to decide when to invest...

Many times in history, public authorities have decided to pursue economic policies (mainly development policies) by directing the financial flows of the economy. The central idea of the conference is to study this phenomenon using a comparative approach. The basic question to be addressed is...