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INCORPORATING RISK PREFERENCES INTO REAL OPTIONS MODELS
Isik, Murat - 2004
joint effects of risk aversion and irreversibility associated with real investments. It aims at modifying the theory of … risk aversion, uncertainty and irreversibility on decisions such as investment and resource allocations. It addresses the … irreversible investment under uncertainty by allowing for risk-averse investors. We found that uncertainty, irreversibility and …
Persistent link: https://www.econbiz.de/10009443612
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Investment Reluctance: Irreversibility or Imperfect Capital Markets? Evidence from German Farm Panel Data
Huettel, Silke; Musshoff, Oliver; Odening, Martin - 2007
options theory asserts that the interaction of irreversibility, uncertainty and flexibility may also result in investment …
Persistent link: https://www.econbiz.de/10009444950
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Option and Non-Use Values of Environmental Assets
Beltratti, Andrea; Chichilnisky, Graciela; Heal, Geoffrey - 1992
It is widely recognized that the value of environmental assets such as biodiversity, unique locations and the atmosphere may be hard to quantify. In particular, option values, quasi-option values and non-use values have been the subject of extensive discussion. We propose here an evaluation of...
Persistent link: https://www.econbiz.de/10009472282
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The analytical foundations of evolutionary economics: From biological analogy to economic self-organisation
Foster, J. - 1997
encompasses time irreversibility, structural change and fundamental uncertainty in an analytical framework which can be used in …
Persistent link: https://www.econbiz.de/10009448733
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Economics and the diffusion of communication and information technologies: Joseph Schumpeter and the self-organisation approach
Foster, J. - 1997
Economic motivations and economic processes play a key role in the emergence and diffusion of communication and information technologies. The objective of this paper is to offer an economic approach which is better suited to understanding such motivations and processes within an...
Persistent link: https://www.econbiz.de/10009448734
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Interpreting Ecological Economics in the Neoclassical Paradigm: Limits to Substitution and Irreversibility in Production and Consumption
Stern, David I - 1996
, various authors have also expressed concerns regarding limits to substitution in consumption. Ideas about irreversibility in …
Persistent link: https://www.econbiz.de/10009451604
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The Value of Waiting: Foreign Direct Investment with Uncertainty and Imperfect Local Knowledge
Jeon, Yongil; Kim, Taekwon; Miller, Stephen M. - 2004
FDI. The uncertainty and irreversibility of FDI links the time interval between permission and actual execution of such …
Persistent link: https://www.econbiz.de/10009430021