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حسابداری و مالی::
اثبات گزاره
The proof of Proposition 2 shows that the firm's equilibrium investment
The maximization problem in (14) implies that the equilibrium target capacity level is given by (see the proof of Proposition 2 for details)
The proof of Proposition 2 shows that the pre-report expectation of the firm's economic profit in period t +1 is given by
The proof of Proposition 4 shows that the equilibrium investment policy is characterized by the adjusted user cost of capital, c∗, which is given by the following expression:
16See the proof of Proposition 5 for a complete characterization of the equilibrium and the adjusted user cost of capital in the setting with two signals.
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