Optimal timing for an indivisible asset sale
In this paper, we investigate the pricing via utility indifference of the right to sell a non-traded asset. Consider an agent with power utility who owns a single unit of an indivisible, non-traded asset, and who wishes to choose the optimum time to sell this asset. Suppose that this right to sell f...
| Main Authors: | , , |
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| Format: | Journal article |
| Language: | English |
| Published: |
2008
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