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Persistent link: https://www.econbiz.de/10009380747
in the presence of private information, and then we examine the impact of an exogenous second period income endowment … (collateralizable income) on investment by entrepreneurs. Next, we analyze the interaction between entrepreneurs and venture capitalists … fall in the second period income endowment. In addition, the overhang of the RG's debt discourages entrepreneurial …
Persistent link: https://www.econbiz.de/10013119355
in the presence of private information, and then we examine the impact of an exogenous second period income endowment … (collateralizable income) on investment by entrepreneurs. Next, we analyze the interaction between entrepreneurs and venture capitalists … fall in the second period income endowment. In addition, the overhang of the RG's debt discourages entrepreneurial …
Persistent link: https://www.econbiz.de/10013141103
Persistent link: https://www.econbiz.de/10001213500
A conceptual approach is commonly needed to provide guidance for empirical analyses concerning the use of renewable resources such as rangelands. The theoretical model constructed in this paper captures the essential aspects of dynamic and stochastic issues associated with the management of...
Persistent link: https://www.econbiz.de/10014120971
We analyze the medical decision-making process, first from the perspective of a patient and then from the perspective of a health care provider. Using a decision-tree, we describe the different actions a mother can take to treat her daughter, who she suspects has otitis media — an ear...
Persistent link: https://www.econbiz.de/10012915112
Recently, Batabyal and Godfrey (2002) have used a discrete-time Markov chain model to analyze the problem of rangeland management under uncertainty. In the present note, I continue this line of inquiry. In particular, I first show how the technique of first step analysis can be used to derive a...
Persistent link: https://www.econbiz.de/10014070978
Persistent link: https://www.econbiz.de/10012034246
A conceptual approach is commonly needed to provide guidance for empirical analyses concerning the use of renewable resources such as rangelands. The theoretical model constructed in this paper captures the essential aspects of dynamic and stochastic issues associated with the management of...
Persistent link: https://www.econbiz.de/10014134038
Recently, Batabyal and Godfrey (2002) have used a discrete-time Markov chain model to analyze the problem of rangeland management under uncertainty. In the present note, I continue this line of inquiry. In particular, I first show how the technique of first step analysis can be used to derive a...
Persistent link: https://www.econbiz.de/10014073581