Asset Selling Under Debt Obligations

Published Online:https://doi.org/10.1287/opre.2019.1961

References

  • Albright SC (1974) Optimal sequential assignments with random arrival times. Management Sci. 21(1):60–67.LinkGoogle Scholar
  • Albright SC (1977) A Bayesian approach to a generalized house selling problem. Management Sci. 24(4):432–440.LinkGoogle Scholar
  • Ang JS, Chua JH, McConnell JJ (1982) The administrative costs of corporate bankruptcy: A note. J. Finance 37(1):219–226.CrossrefGoogle Scholar
  • Arnold MA, Lippman SA (2001) The analytics of search with posted prices. Econom. Theory 17(2):447–466.CrossrefGoogle Scholar
  • Batabyal AA, Yoo SJ (2005) Indivisibility and divisibility in land development over time and under uncertainty. J. Environmental Management 76(2):185–190.CrossrefGoogle Scholar
  • Besbes O, Maglaras C (2012) Dynamic pricing with financial milestones: Feedback-form policies. Management Sci. 58(9):1715–1731.LinkGoogle Scholar
  • Besbes O, Iancu DA, Trichakis N (2018) Dynamic pricing under debt: Spiraling distortions and efficiency losses. Management Sci. 64(10):4572–4589.LinkGoogle Scholar
  • Boyabatli O, Toktay LB (2011) Stochastic capacity investment and flexible vs. dedicated technology choice in imperfect capital markets. Management Sci. 57(12):2163–2179.LinkGoogle Scholar
  • Bris A, Welch I, Zhu N (2006) The costs of bankruptcy: Chapter 7 liquidation vs. Chapter 11 reorganization. J. Finance 61(3):1253–1303.CrossrefGoogle Scholar
  • Buzacott JA, Zhang RQ (2004) Inventory management with asset-based financing. Management Sci. 50(9):1274–1292.LinkGoogle Scholar
  • Chod J (2017) Inventory, risk shifting, and trade credit. Management Sci. 63(10):3207–3225.LinkGoogle Scholar
  • Chod J, Zhou J (2013) Resource flexibility and capital structure. Management Sci. 60(3):708–729.LinkGoogle Scholar
  • Chun YH, Plante RD, Schneider H (2002) Buying and selling an asset over the finite time horizon: A non-parametric approach. Eur. J. Oper. Res. 136(1):106–120.CrossrefGoogle Scholar
  • Derman C, Lieberman GJ, Ross SM (1972) A sequential stochastic assignment problem. Management Sci. 18(7):349–355.LinkGoogle Scholar
  • Derman C, Lieberman GJ, Ross SM (1975) A stochastic sequential allocation model. Oper. Res. 23(6):1120–1130.LinkGoogle Scholar
  • Ee M-S (2009) Asset-selling problem with an uncertain deadline, quitting offer, and search skipping option. Eur. J. Oper. Res. 198(1):215–222.CrossrefGoogle Scholar
  • Freeman PR (1983) The secretary problem and its extensions: A review. Internat. Statist. Rev. 51(2):189–206.CrossrefGoogle Scholar
  • Gallego G, van Ryzin G (1994) Optimal dynamic pricing of inventories with stochastic demand over finite horizons. Management Sci. 40(8):999–1020.LinkGoogle Scholar
  • Gallien J (2006) Dynamic mechanism design for online commerce. Oper. Res. 54(2):291–310.LinkGoogle Scholar
  • Gilbert JP, Mosteller F (1966) Recognizing the maximum of a sequence. J. Amer. Statist. Assoc. 61(313):35–73.CrossrefGoogle Scholar
  • Iancu DA, Trichakis N, Tsoukalas G (2017) Is operating flexibility harmful under debt? Management Sci. 63(6):1730–1761.LinkGoogle Scholar
  • Jaillet P, Ronn EI, Tompaidis S (2004) Valuation of commodity-based swing options. Management Sci. 50(7):909–921.LinkGoogle Scholar
  • Karlin S (1962) Stochastic models and optimal policy for selling an asset. Arrow KJ, Karlin S, Scarf H, eds. Studies in Applied Probability and Management Science (Stanford University Press, Redwood City, CA), 148–158.Google Scholar
  • Kouvelis P, Zhao W (2011) The newsvendor problem and price-only contract when bankruptcy costs exist. Production Oper. Management 20(6):921–936.CrossrefGoogle Scholar
  • Kouvelis P, Zhao W (2012) Financing the newsvendor: Supplier vs. bank, and the structure of optimal trade credit contracts. Oper. Res. 60(3):566–580.LinkGoogle Scholar
  • Levin Y, McGill J, Nediak M (2008) Risk in revenue management and dynamic pricing. Oper. Res. 56(2):326–343.LinkGoogle Scholar
  • Lippman SA, McCall J (1976) The economics of job search: A survey. Econom. Inquiry 14(2):155–189.CrossrefGoogle Scholar
  • Myers SC (1977) Determinants of corporate borrowing. J. Financial Econom. 5(2):147–175.CrossrefGoogle Scholar
  • Palley AB, Kremer M (2014) Sequential search and learning from rank feedback: Theory and experimental evidence. Management Sci. 60(10):2525–2542.LinkGoogle Scholar
  • Phillips RL (2005) Pricing and Revenue Optimization (Stanford University Press, Redwood City, CA).CrossrefGoogle Scholar
  • Prastacos GP (1983) Optimal sequential investment decisions under conditions of uncertainty. Management Sci. 29(1):118–134.LinkGoogle Scholar
  • Pye G (1971) Minimax policies for selling an asset and dollar averaging. Management Sci. 17(7):379–393.LinkGoogle Scholar
  • Rogerson R, Shimer R, Wright R (2005) Search-theoretic models of the labor market: A survey. J. Econom. Literature 43(4):959–988.CrossrefGoogle Scholar
  • Rosenfield DB, Shapiro RD, Butler DA (1983) Optimal strategies for selling an asset. Management Sci. 29(9):1051–1061.LinkGoogle Scholar
  • Rothschild M (1974) Searching for the lowest price when the distribution of prices is unknown. J. Political Econom. 82(4):689–711.CrossrefGoogle Scholar
  • Schwartz ES (1997) The stochastic behavior of commodity prices: Implications for valuation and hedging. J. Finance 52(3):923–973.CrossrefGoogle Scholar
  • Sørensen H (2004) Parametric inference for diffusion processes observed at discrete points in time: A survey. Internat. Statist. Rev. 72(3):337–354.CrossrefGoogle Scholar
  • Stam JM, Dixon BL (2004) Farmer bankruptcies and farm exits in the United States, 1899-2002. Agriculture Information Bulletin No. 788, Economic Research Service, U.S. Department of Agriculture, Washington, DC.Google Scholar
  • Stigler GJ (1961) The economics of information. J. Political Econom. 69(3):213–225.CrossrefGoogle Scholar
  • Su X, Zenios SA (2005) Patient choice in kidney allocation: A sequential stochastic assignment model. Oper. Res. 53(3):443–455.LinkGoogle Scholar
  • Tang CY, Chen SX (2009) Parameter estimation and bias correction for diffusion processes. J. Econometrics 149(1):65–81.CrossrefGoogle Scholar
  • Telser LG (1973) Searching for the lowest price. Amer. Econom. Rev. 63(2):40–49.Google Scholar
  • Xu X, Birge JR (2005) Joint production and financing decisions: Modeling and analysis. Preprint, submitted January 23, https://dx.doi.org/10.2139/ssrn.652562.Google Scholar
  • Yang SA, Birge JR, Parker RP (2015) The supply chain effects of bankruptcy. Management Sci. 61(10):2320–2338.LinkGoogle Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.