Models of Capital Investments with Private Information and Incentives: a Selective Review
选择性综述了在信息分散和激励问题下资本预算决策的理论模型,比较了不同时期、参与者和项目数量的设定,总结了关键经济与数学性质及共同经济力量。
The purpose of this paper is to selectively review research that addresses capital budgeting decisions in settings characterized by dispersed information and incentive problems. The papers are theoretical; they formulate and analyze models that vary in the number of periods considered, the number of economic actors involved, and the number of alternative projects available. The aims of the review are to describe some of the formulations that have been studied, to highlight their key economic and mathematical properties, to reveal their common economic forces, and to collect and organize their basic results.