完整後設資料紀錄
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dc.contributor.authorLuigi Ventura
dc.date.accessioned2020-08-25T06:17:48Z-
dc.date.available2020-08-25T06:17:48Z-
dc.date.issued2004/04/01
dc.identifier.issnissn16070704
dc.identifier.urihttp://dspace.fcu.edu.tw/handle/2376/2217-
dc.description.abstractProfit maximization is not a well defined objective when markets are incomplete. Several_x000D_ criteria of investment choice have therefore been put forward in the literature, some of which_x000D_ crucially hinge upon aggregation of shareholders’ preferences, as is the case with the criteria_x000D_ proposed by Drèze (1974) and Grossman and Hart (1979). This note shows that these criteria_x000D_ are normalization dependent, i.e., their outcome depends on the good chosen to express individuals’_x000D_ marginal rates of substitution.
dc.description.sponsorship逢甲大學
dc.format.extent8
dc.language.iso英文
dc.relation.ispartofseriesinternational journal of business and economics
dc.relation.isversionofVolume3No1
dc.subjectinvestment decisions|normalization|incomplete markets
dc.titleInvestment Decisions and Normalization with Incomplete Markets: A Pitfall in Aggregating Shareholders’ Preferences
dc.type期刊篇目
分類:Volume03,No.1

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