Marín-Sánchez, Freddy H.; Pareja-Vasseur, Julián A.; … - In: Journal of Economics, Finance and Administrative Science 26 (2021) 52, pp. 282-299
Purpose - The purpose of this article is to propose a detailed methodology to estimate, model and incorporate the non-constant volatility onto a numerical tree scheme, to evaluate a real option, using a quadrinomial multiplicative recombination. Design/methodology/approach - This article uses...