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| Author: | De Guili, M. Magnani, U. |
| Title: | Some open problems in pure capital rationing theory |
| Journal: | Engineering Economist
1995 : FALL, VOL. 41:1, p. 77-90 |
| Index terms: | ECONOMICS CAPITAL RATIONING |
| Language: | eng |
| Abstract: | This paper deals with the search of consistent optima in pure capital rationing problems. These problems are summarized in the second section, together with some recent theories on the existence of such optima and on their properties. A new theorem in the third section makes the search of those optima almost trivial and shows that fractional projects play a very narrow role. Section four explains why some well-known problems admit no consistent optima and why many iterative procedures suggested to find them fail. |
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