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If one were to examine the institutional configurations under which real world fisheries operate, one would find virtually no fisheries operating under either pure open access or rent maximizing conditions. Instead, most of the world's most important fisheries operate under common property,...
Persistent link: https://www.econbiz.de/10005518739
choice among standard and non-standard methods, and problems in the administration of privatisation, such as valuation …
Persistent link: https://www.econbiz.de/10005268674
This paper discusses the problems of nineteenth century share valuation and corporate governance. It is based on the …
Persistent link: https://www.econbiz.de/10005269457
We introduce a new solution concept for games in extensive form with perfect information: the valuation equilibrium …. The moves of each player are partitioned into similarity classes. A valuation of the player is a real valued function on … the set of her similarity classes. At each node a player chooses a move that belongs to a class with maximum valuation …
Persistent link: https://www.econbiz.de/10005550956
This paper examines the extent to which the valuation of partial interests in private property vehicles should be … closely aligned to the valuation of the underlying assets.    A sample of vehicle managers and investors replied to a …
Persistent link: https://www.econbiz.de/10005558381
valuation can account for a higher incidence of standard (nonstandard) preference reversals for certainty (probability …
Persistent link: https://www.econbiz.de/10005627857
impacts and higher-order effects; the valuation of biodiversity loss; the implications of extreme climate scenarios and …
Persistent link: https://www.econbiz.de/10005634629
This paper identifies three 'folk' arguments for an intrinsic value implicit in the finance literature. The 'hindsight' argument states that if financial assets eventually have a value in the form of realised cash flows, then this reveals an intrinsic value that was always there. The...
Persistent link: https://www.econbiz.de/10005225799
This study adopts a multi-attribute hedonic-pricing benchmark valuation approach to the determination of the observed …
Persistent link: https://www.econbiz.de/10005232595
The efficient auction is designed to induce truthful bidding for bidders with affiliated values. Herein we implement the auction in the lab, and observe that inexperienced people can bid systematically in this more complex environment, albeit yielding a flatter bid function than the truthful.
Persistent link: https://www.econbiz.de/10005232914