Capital Structure The Modigliani and Miller capital structure and payout policy theorems were the result of the practical questions\How should a firm choose its capital structure\. The theory that we covered last time clarified the nature of the modigliani and miller result
Chapter 5 Dynamic Contracting 5.1 Incomplete contracts In our earlier treatment of contracting problems, we assumed that the in- centive problem was generated by asymmetric information, either a problem of moral hazard(hidden actions)or adverse selection(hidden information) The incomplete contracts approach eschews asymmetric information because of its intractability and instead focuses on environments in which informa- tion is observable but not verifiable
where f:R\×Rn×R→ R\ and g:R\×R\×R→ R are continuous functions. Assume that f, g are continuously differentiable with respect to their first two arguments in a neigborhood of the trajectory co(t), yo(t), and that the derivative
The analysis of the outcome of a reaction requires that we know the full structure of the products as well as the reactants In the 1 gth and early 20th centuries, structures
Goal: Give necessary optics background to tackle a space mission, which includes an optical payload Light .Interaction of light w/environment o Optical design fundamentals Optical performance considerations .Telescope types and CCd design interferometer types
