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den Grundlagen der Investition und Finanzierung über die Finanzierungsformen und -instrumente der Unternehmen, die … Begriffen der Investition und Finanzierung runden die Darstellungen ab. (3) …
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We consider the design of the optimal dynamic policy for a firm subject to moral hazard problems. With respect to the existing literature we enrich the model by introducing durable capital with partial irreversibility, which makes the size of the firm a state variable. This allows us to analyze...
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