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The Economics of Business Valuation: Towards a Value Functional Approach

Patrick Anderson

Published in print:
2013
Published Online:
September 2013
ISBN:
9780804758307
eISBN:
9780804783224
Item type:
book
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804758307.001.0001
Subject:
Economics and Finance, Financial Economics

For decades, the traditional approaches to business valuation (market, asset, and income) have taken center stage in the assessment of the firm. This book presents an expanded valuation toolkit, ... More


MODERN RECURSIVE EQUILIBRIUM AND THE BASIC PRICING EQUATION

Patrick L. Anderson

in The Economics of Business Valuation: Towards a Value Functional Approach

Published in print:
2013
Published Online:
September 2013
ISBN:
9780804758307
eISBN:
9780804783224
Item type:
chapter
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804758307.003.0009
Subject:
Economics and Finance, Financial Economics

The author introduces the “recursive” model that has emerged within micro-economics over the past few decades. This modern recursive equilibrium model is contrasted with the neoclassical model, in ... More


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