it incorporates all the information that is of relevance to the firm. Under some conditions Tobin's marginal

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it incorporates all the information that is of relevance to the firm. Under some conditions Tobin's marginal q coincides with average q, which can be measured in a relatively straightforward fashion by looking at the stockmarket value of the firm.

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Foundations Of Modern Macroeconomics

ISBN: 9781264857937

1st Edition

Authors: Ben J. Heijdra, Frederick Van Der Ploeg

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