| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5089755 | Journal of Banking & Finance | 2012 | 9 Pages |
Abstract
⺠We study capital budgeting with private information about the project arrival rate. ⺠The optimal mechanism elicits the private information from division managers. ⺠Headquarters often declines capital requests after large investments. ⺠The model predicts lumpy intertemporal investment flows.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Andrew H. Roper, Martin E. Ruckes,