Valuing Distressed Assets Using Optimal Stopping Theory
نویسنده
چکیده
This paper discusses how optimal stopping theory can be used to determine the price that governments should pay for (distressed) assets in case these are nationalised. In addition, optimal stopping theory is used to indicate what the return on these assets to the tax payer might be, depending on different sell-back policies.
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تاریخ انتشار 2009