Abstract
In this chapter we enlarge the analysis of the previous chapter by allowing investors to sell the shares of the firm under consideration at some unknown point in time. Consequently, the investor’s task is not only to determine the optimal policy of the firm during the period he owns and controls the corporation, but also the optimal selling moment of the shares at some market price. Thereafter, the investor may invest his money in the shares of another firm or in other investment opportunities.
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© 1988 Springer-Verlag Berlin Heidelberg
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van Schijndel, GJ.C.T. (1988). Individual Investor Behaviour under Equilibrium Conditions. In: Dynamic Firm and Investor Behaviour under Progressive Personal Taxation. Lecture Notes in Economics and Mathematical Systems, vol 305. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-46637-3_6
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DOI: https://doi.org/10.1007/978-3-642-46637-3_6
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-19230-5
Online ISBN: 978-3-642-46637-3
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