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Article
Privatization of businesses and flexible investment: a real option approach
In this article, we study the situation, where the opportunity is given to invest into a government-owned business by partial privatization to a private company. After payment of an initial installment cost, t...
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Article
Dynamic voluntary provision of public goods with uncertainty: a stochastic differential game model
Fershtman and Nitzan (Eur. Econ. Rev. 35:1057–1067, 1991) presented a continuous dynamic public good game and solved the model for feedback Nash equilibria. Wirl (Eur. J. Polit. Econ. 12:555–560, 1996) extende...