Using the case of a low cost airline company’s website we analyze some special research questions of information technology valuation. The distinctive characteristics of this research are the ex post valuation perspective; the parallel and comparative use of accounting and business valuation approaches; and the integrated application of discounted cash flow and real option valuation. As the exa...

In this article, we review the recent academic research on the valuation of Internet companies. In particular, we focus on the valuation method(s) which were said to be suitable for new economy start ups in the boom years 1998-2000, and conclude that they were neither novel nor very accurate. Since the downturn in the sector, the valuation focus has returned to advanced fundamental valuation me...

The authors are grateful for comments from Sumit Agarwal, Raymond Fisman, Hongbin Li, and seminar participants at NBER’s May 2015 China Economy workshop, Hong Kong Monetary Authority, NUS Business School, The Chinese University of Hong Kong, and Lingnan University. Randall Morck thanks the Bank of Canada for partial funding. The views expressed herein are those of the authors and do not necessa...

This paper investigates a model featuring a monopolist seller and a buyer, with an uncertain valuation for the seller’s product. The seller chooses an information system (“IS”), allowing the buyer to receive a private signal, potentially correlated with her valuation. The cost of the IS is proportional to its precision, measured by the mutual information between the distributions of the buyer’s...

This research investigated the strategic use of competence valuation in achievement settings and examined the consequences of implementing this self-enhancement strategy for intrinsic motivation. In two studies, participants reported higher competence valuation following positive feedback; in turn, competence valuation was positively related to intrinsic motivation. Competence valuation mediate...

In this note we use the Shapley value to define a valuation function. A valuation function associates with every non-empty coalition of players in a strategic game a vector of payoffs for the members of the coalition that provides these players’ valuations of cooperating in the coalition. The Shapley valuation function is defined using the lowervalue based method to associate coalitional games ...

JEL classification: Q1 Q2 Q5 Most ecosystem services (ES) are neither priced nor marketed. Resource managers may fail to take into account degradation of unpriced services in their resource management decisions. Being able to estimate values for ES is fundamental to designing policies to induce resource users to provide (or improve) ES at levels that are acceptable to society. Conducting ecosys...

In this paper we employ a stated preference environmental valuation technique, namely the choice experiment method, to estimate local public‟s willingness to pay (WTP) for improvements in the capacity and technology of a sewage treatment plant (STP) in Chandernagore municipality, located on the banks of the River Ganga in India. A pilot choice experiment study is administered to 150 randomly se...

In theory, valuation effects (changes in net external assets of a country arising from movements in exchange rates or asset returns) are an important channel of international risk sharing as they facilitate external adjustment. However, the effects can also be economically destabilizing in the presence of frictions in the international financial system. Despite the growing significance of valua...

despite of fifteen years old legislation of environmental impact assessment (eia) in iran, investigations show that there are some kinds of shortcoming in the effectiveness and efficiency of these assessments. although some of these failures were attributed by weakness in the administrative structure, but methodological shortcomings and lack of transparency had an effective role in the these pr...