output variability. We present a theoretical valuation framework that consistently accounts for output variability over time …

In a continuous-time framework we study the technology and investment choice problem of a continuous co …

Time overruns are common in public works and are not confined to inherently complex tasks. One explanation advanced in …. By exploiting the real-option approach, we examine how the inability to force sellers to meet the contract time … ; Cost Uncertainty ; Time Overruns ; Liquidated Damages ; Real Options …

As the Chinese economy continues to decelerate, the central government is investing heavily in innovation, doubling … so far, looking at the inputs to innovation (R&D and human capital) as well as intermediate targets, such as scientific … bottlenecks that might be hindering the translation of China's innovation efforts into productivity growth. …

three dimensions - time, space, and lead-time. Consequently, different generation technologies, such as coal and wind power …