Bellalah, Mondher; El Farissi, Inass - Université Paris-Dauphine
real options in the presence of shadow costs of incomplete information. Information costs can be viewed as sunk costs in … costs in standard discounted cash flow techniques and present the basic concepts of real options. The justification of … analysis extends the models in Bellalah (1999, 2001) for the valuation of real options within information uncertainty. We …
