We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
A PARETO-OPTIMAL DIVIDEND POLICY.
- Authors
Wilson, Robert
- Abstract
A Pareto-optimal sequential dividend policy for a syndicate is obtained in a tractable special case. The relationship between the many person and single-person problems is investigated, and it is shown that the group acts as though it were an individual with risk preferences and probability assessments compounded from the members according to explicit formulae.
- Subjects
WELFARE economics; DIVIDENDS; PARETO optimum; ECONOMIC policy; PROBABILITY theory; RISK assessment; NORMATIVE economics; DECISION making; VALUATION; MANAGEMENT science; RISK management in business; BUSINESS models
- Publication
Management Science, 1967, Vol 13, Issue 9, p756
- ISSN
0025-1909
- Publication type
Article
- DOI
10.1287/mnsc.13.9.756