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The weighted average cost of capital over the lifecycle of the firm: is the overinvestment problem of mature firms intensified by a higher WACC?
(Universidad EAFIT, 2016-01-18)
Firm lifecycle theory predicts that the Weighted Average Cost of Capital (WACC) will tend to fall over the lifecycle of the firm (Mueller, 2003, p. 80-81). However, given that previous research finds that corporate governance ...
Determining the Optimal Selling Time of Cattle: A Stochastic Dynamic Programming Approach
(Universidad EAFIT, 2015-07-09)
The world meat market demands competitiveness and optimal livestock replacement decisions can help to achieve this goal. We introduce a novel discrete stochastic dynamic programming framework to support a manager’s ...
Veinte años de funcionamiento del Mercado Eléctrico Mayorista en Colombia: algunas reflexiones
(Universidad EAFIT, 2015-09-04)
The aim of this paper is to analyze wholesale electricity market performance in the twenty years of existence. After describing spot market operation, the market for long-term and reliability charge, we analyzed the effect ...
Welfare gains of the poor: An endogenous Bayesian approach with spatial random effects
(Universidad EAFIT, 2015-07-07)
We introduce a Bayesian instrumental variable procedure with spatial random effects that handles endogeneity, and spatial dependence with unobserved heterogeneity. We find through a limited Monte Carlo experiment that our ...
Regional Relationships in New Housing Prices in ColombiaRelaciones regionales en los precios de vivienda nueva en Colombia
(Universidad EAFIT, 2015-06-30)
Sources of Economic Fluctuations in Central AmericaFuentes de fluctuaciones económicas en América Central
(Universidad EAFIT, 2014-06-30)
