Valuing American options is a central problem in option pricing since the early-exercise feature is very common among financial or insurance derivatives products. For high-dimensional American options, Monte Carlo simulation is generally regarded as the only viable approach to price them, and...

Real options theory has become an influential explanatory and normative framework for making resource allocation decisions. Despite a growing body of strategy research regarding real options, however, there is as of yet little empirical confirmation (1) that firm resource allocation behavior...

Supporting thermoelectric power generation requires a significant quantity of water, primarilyfor cooling operations. Lack of available water due to physical scarcity or thermal permit limitsassociated with the Clean Water Act 316 (a) can result in a forced curtailment of plant operation,known...

The objective of this paper is to set a complete ex-ante evaluation to support Decision Makers in designingmore efficient and effective agri-environmental contracts, through an integrated modelling of elements ofprivate and public decision making. Ex-ante comparison of policy design options in...

This dissertation considers fundamental questions about real options reasoning and its application in the face of uncertainty: do firms behave as real options reasoning predicts, and are there performance benefits from its application? The concept of uncertainty is further developed by...

We offer a new perspective on games of irreversible investment under uncertainty in continuous time. The basis is a particular approach to solve the involved stochastic optimal control problems which allows to establish existence and uniqueness of an oligopolistic open loop equilibrium in a very...

New product development is central to many firms’ future success. Not only as a means to continue to maintain their piece of the market, but product development can also be a strategic means for a company to diversify, and/or alter focus to adapt to changing market conditions. Most of the...

This dissertation is a series of three essays exploring the determinants and effects of enrollment in the United States Department of Agriculture's (USDA) Conservation Reserve Program (CRP). The CRP is the United States' largest federal conservation program, currently enrolling over 34 million...

The evolving organization and operation of real estate capital markets. Sources of real estate capital. Primary and secondary mortgage markets. The investment behavior of real estate assets. The development of REITs and securitized debt markets. Advanced pricing techniques for complex real...