In a real option model, we show that the standard analysis of vertical relationships transposes directly to investment timing. Thus, when a firm undertaking a project requires an outside supplier (e.g., an equipment manufacturer) to provide it with a discrete input to serve a growing but...

Brazil is the world's largest producer of sugarcane, product with history and importance in the Brazilian agribusiness. The State of São Paulo is responsible for 50% of Brazilian production. Harvested area is estimated at 4.25 million hectares. The metropolitan region of Ribeirão Preto, in...

This study explores how the design of regulatory incentives proposed by the granting authority has the potential to impact the concessionaire's investment decisions regarding participation in the bidding process, the potential value of grants and the request for a re-bidding process or...

The objective of the study is to present a model, based on the application of the Theory of Real Options (TRO), for the regulatory improvement of the methodology for calculating restitutions related to investments in reversible assets in the event of early termination of road concessions through...

When discussing the early termination of concession agreements, compensation for investments in reversible assets is a core issue that directly affects the parties' interests. Without fair economically compensation, in addition to representing a possible act of illicit enrichment on the public...

When discussing the early termination of concession agreements, compensation for investments in reversible assets is a core issue that directly affects the parties' interests. Without fair economically compensation, in addition to representing a possible act of illicit enrichment on the public...