Showing 1 - 2 of 2
Persistent link: https://www.econbiz.de/10003740774
This paper solves the irreversible investment decision problem under uncertainty by a new real options method. It yields a Shadow Net Present Value rule such that the investment is triggered only when the shadow revenue of the investment reaches the investment cost. This paper hence corrects and...
Persistent link: https://www.econbiz.de/10003421142