Fuenzalida, Darcy; Mongrut, Samuel; Nash, Mauricio - In: El Trimestre Económico LXXIV (1) (2007) 293, pp. 69-121
Traditional project valuation usually overlooks the important risk analysis process because it relies in the complete market assumption. In a complete market it will be possible to either find twin securities or elaborate a dynamic investment portfolio to replicate the project risk and payoff in...