Assume that, in the notation of this section, Yj3 kj1Yj1 kj2Yj2 for constants kj1 and kj2 not both zero. Interpret this condition and show that it implies that shareholders will be unanimous in...

Assume that, in the notation of this section, Yj3 kj1Yj1 kj2Yj2 for constants kj1 and kj2 not both zero. Interpret this condition and show that it implies that shareholders will be unanimous in respect of firm j’s investment decision.




May 26, 2022
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