Berry, R. H.; Zuo, S. X. - In: The European Journal of Finance 16 (2010) 8, pp. 743-752
This paper discusses the model and solution approach adopted by Majd and Pindyck (1987. Time to build, option value, and investment decisions. Journal of Financial Economics 18, March: 7-27) and Dixit and Pindyck (1994. Investment under uncertainty. Princeton, NJ: Princeton University Press),...