Bellalah, Mondher; Ding, Shujuan; Wu, Zhen - In: The Review of Finance and Banking 04 (2012) 1, pp. 007-014
This paper develops an option pricing model to value a project with taxes and incomplete information. We derive the value of the option to invest in the project and provide the threshold value of the project. Some numerical examples are given to show the characteristics of the optimal investment...
