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CLASSICAL INVESTMENT THEORY AND THE REAL OPTIONS APPROACH Abstract This study analyzes the explanatory potential of the real … compares the valuation of the ROA with that of the classical investment criterion such as the net present value (NPV). A … further objective is to analyze the sensitivity of investment triggers with respect to assumed stochastic processe... …
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Germany over the horizon 2010-2035. The target is to quantify how fuel and carbon price risk impacts investment incentives of … investment levels overall and the investment portfolio tends to be more diverse. -- electricity market ; equilibrium model …
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Active labour-market policy (ALMP) not only affects the labour-market success of participants. Due to indirect effects, they might also affect the job perspectives of non-participants. Hence, even if ALMP programmes have a positive effect for the participants, this does not mean that ALMP...
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We report results from a Cournot triopoly experiment with different subject pools: German students, Malaysian students, and Malaysian managers. While German students play Nash, we reject the hypothesis that both Malaysian students and managers select the Nash quantity. Moreover, Malaysian...
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