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Trigger Values of (Non-) Residential Structures and Equipment Investment

Peeters, Marga - Institut de Recherche Économique et Sociale (IRES), … - 1995

Trigger values are derived for investment projects that are affected by (i) uncertainty (according to Dixit and Pindyck, 1994) and (ii) construction periods (see Majd and Pindyck, 1987). The values are compared theoretically with trigger values for projects with rather certain returns, as well...

Persistent link: https://www.econbiz.de/10004985172

Implied Sharpe ratios of portfolios with options: Application to Nikkei futures and listed options

Akuzawa, Toshinao; Nishiyama, Yoshihiko - In: The North American Journal of Economics and Finance 25 (2013) C, pp. 335-357

We propose a criterion for portfolio selection, implied excess Sharpe ratio. The implied excess Sharpe ratio is intended as an excess Sharpe ratio (versus the underlying stock) that investors can expect to enjoy from portfolios that include options and is a useful ex ante indicator that can be...

Persistent link: https://www.econbiz.de/10010679172

What's the Option?

Traeger, Christian - Department of Agricultural and Resource Economics, … - 2013

-Fisher-Hanemann-Henry quasi-option value. Second, the real optionsliterature developed the Dixit-Pindyck option value. This paper clarifiesthe … precise differences between the two approaches in a simple two periodmodel. We explain that the quasi-option value captures … the value of learningconditional on preservation, while the Dixit-Pindyck option value capturesthe net value of …

Persistent link: https://www.econbiz.de/10010680526

What's the Option?

Traeger, Chirstian - Department of Agricultural and Resource Economics, … - 2013

Arrow-Fisher-Hanemann-Henry quasi-option value. Second, the real options literature developed the Dixit-Pindyck option value … quasi-option value captures the value of learning conditional on preservation, while the Dixit-Pindyck option value captures …

Persistent link: https://www.econbiz.de/10010681146

Investment under Uncertainty

Dixit, Avinash K.; Pindyck, Robert S. - Princeton University Press

investment recognizes the option value of waiting for better (but never complete) information. It exploits an analogy with the …

Persistent link: https://www.econbiz.de/10011115766

Strategic Decision Making Under Uncertainty: Innovation and New Technology Introduction during Volatile Times1

Boehlje, Michael; Roucan-Kane, Maud - In: International Food and Agribusiness Management Review 12 (2009) 4

Persistent link: https://www.econbiz.de/10008643390