Hundsdoerfer, Jochen; Kruschwitz, Lutz; Lorenz, Daniela - In: Business research 1 (2008) 1, pp. 9-24
In this paper we evaluate an indivisible investment project that is carried out in a corporation under very simple premises. In particular, we discuss a one-period model with certainty, the pure domestic case and proportional tax rates. Surprisingly, the decision problem turns out to be rather...