Project Development with Delegated Bargaining: The Role of Elevated Hurdle Rates
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During project development, costs are endogenously determined through delegated bargaining with counterparties. In surveys, nearly 80% of CFOs report using an elevated hurdle rate, the implications of which we explore in a delegated bargaining model. We show that elevated hurdle rates can convey a
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美国国家经济研究局创建时间：
2024-04-01
