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paper also looks at the transition from lifestyles to mindstyles, the evolution of the consumer and how these link to …
Persistent link: https://www.econbiz.de/10005556570
This paper provides a general framework for pricing of real options in continuous time for wide classes of payoff streams that are functions of Levy processes. As applications, we calculate the option values of multi-stage investment/disinvestment problems (sequences of embedded options, which...
Persistent link: https://www.econbiz.de/10005076973
A general framework for pricing of real options in continuous time for wide classes of payoff streams that are monotone functions of a Levy process is provided. Exercise rules are formulated in terms of statistics of record-setting low payoffs and can be viewed as an extension of Bernanke's bad...
Persistent link: https://www.econbiz.de/10005134751
The diffusion of health care technology is influenced by both the total market share of managed care organizations as well as the level of competition among them. This paper differentiates between HMO penetration and competition and examines their relationship to the adoption of cardiac...
Persistent link: https://www.econbiz.de/10005007503
Roy’s safety-first rule is used to provide measures popular with farmers of short and long term business risk associated with various no-till transition strategies over an investment horizon. The short run rule provided more sensitivity to inter-year financial risk than other commonly used...
Persistent link: https://www.econbiz.de/10005407764
Social learning models of investment provide an interesting alternative explanation for sudden changes in investment behaviour. Caplin and Leahy (1994) develop a model of social learning in which agents learn about the true state of demand from the investment suspension decisions of other...
Persistent link: https://www.econbiz.de/10005412756
We develop a water allocation and irrigation technology adoption model under the prior appropriation doctrine with asymmetric information among heterogeneous farmers and between farmers and water authorities; farmers’ heterogeneity is defined by a mix of land quality and knowledge. We find...
Persistent link: https://www.econbiz.de/10005556124
through personalized services and the compensating variance through increased product variety. Considering, that Internet …
Persistent link: https://www.econbiz.de/10005556707
Information intermediaries deliver information about a supplier's product. They are paid by those same suppliers they certify. This introduces conflicts of interests as the intermediaries want to retain customers by delivering truthful information about suppliers, while suppliers would want the...
Persistent link: https://www.econbiz.de/10005076854
Flat – rated internet pricing is increasingly becoming the most common mode of dial - up access nowadays. However, the … always the case, both sides are probably right. This paper addresses an important issue on dial up internet access and … end and assuming flat – rated internet pricing, several interconnection models are studied. Among the metered models, the …
Persistent link: https://www.econbiz.de/10005076886