The mainstream model of option pricing is based on an exogenously given process of price movements. The implication of this assumption is that price movements are not affected by actions of market participants. However, if we assume that there are indeed impacts on the price movements it no...

The thesis at hand provides a real option based decision support model for politically enforced environmental investments, which do not gain company internal economic profit. Therefore, a detailed methodology for the estimation of investments and operating costs for the exemplary application of...