Browsing Working Papers by Author "Wang Chiang, Judy S."
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Interdependent pricing and markup behavior : an empirical analysis of GM, Ford and Chrysler
Berndt, Ernst R.; Friedlaender, Ann Fetter; Wang Chiang, Judy S. (MIT Center for Energy and Environmental Policy Research, 1990)In this paper we show how to adapt the traditional contingent claims valuation techniques to correctly value the firm and its liabilities in the presence of agency costs. This enables us to measure the significance of the ...