investment decisions play with regard to business cycle fluctuations.<br><br>However, the inclusion of real option values in … crisis. Within a partial investment model, two kinds of uncertainty are introduced: volatility and disaster risk. The article … expands the literature by integrating a jump-diffusion process into an entry-exit framework for investment decisions. In …

This book presents an up-to-date overview of the theory as well as the empirics of the relationship between investment …, the authors discuss both traditional investment models with uncertainty and the more modern option based models. They … present an overview of empirical results of the modelling of investment under uncertainty. In these examples, the effects of …