On the computation of the user's cost of capital in the presence of adjustments costs

This note derives the modified formula for the users cost of capital for a firm in a dynamic environment induced by the presence of adjustment costs. The formula in this note is exact in that it is derived from the disoret rather than continuous time specification of the economic problem of the firm.

Publication Details

Journal
Portuguese National Funding Agency for Science, Research and Technology (RCAAP Project by FCT)
Published
2024-09-19
Primary Topic
Auction Theory and Applications
Type
article
Field-Weighted Citation Impact
0.00
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article

On the computation of the user's cost of capital in the presence of adjustments costs

Portuguese National Funding Agency for Science, Research and Technology (RCAAP Project by FCT)
Auction Theory and Applications
article

On the computation of the user's cost of capital in the presence of adjustments costs

article en

Abstract

This note derives the modified formula for the users cost of capital for a firm in a dynamic environment induced by the presence of adjustment costs. The formula in this note is exact in that it is derived from the disoret rather than continuous time specification of the economic problem of the firm.

Portuguese National Funding Agency for Science, Research and Technology (RCAAP Project by FCT)
Openalex Percentile: Top 42%
Auction Theory and Applications
Open Access PDFOpenAlex
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On the computation of the user's cost of capital in the presence of adjustments costs · Portuguese National Funding Agency for Science, Research and Technology (RCAAP Project by FCT) (2024) | TGRS Research Map | TGRS