Reducing the debt : is it optimal to outsource an investment? - École des Ponts ParisTech Access content directly
Journal Articles Mathematics and Financial Economics Year : 2016

Reducing the debt : is it optimal to outsource an investment?

Abstract

We deal with the problem of outsourcing the debt for a big investment, according two situations: either the firm outsources both the investment (and the associated debt) and the exploitation to a private consortium, or the firm supports the debt and the investment but outsources the exploitation. We prove the existence of Stackelberg and Nash equilibria between the firm and the private consortium, in both situations. We compare the benefits of these contracts. We conclude with a study of what happens in case of incomplete information, in the sense that the risk aversion coefficient of each partner may be unknown by the other partner.
Fichier principal
Vignette du fichier
OutsSubMFE3Juin15.pdf (557.52 Ko) Télécharger le fichier
Origin Files produced by the author(s)
Loading...

Dates and versions

hal-00824390 , version 1 (21-05-2013)
hal-00824390 , version 2 (13-06-2015)

Identifiers

Cite

Gilles Edouard Espinosa, Caroline Hillairet, Benjamin Jourdain, Monique Pontier. Reducing the debt : is it optimal to outsource an investment?. Mathematics and Financial Economics, 2016, 10 (4), pp.457-493. ⟨10.1007/s11579-016-0166-8⟩. ⟨hal-00824390v2⟩
773 View
301 Download

Altmetric

Share

Gmail Mastodon Facebook X LinkedIn More