Similar Search Results

Real options and the timing of implementation of emission limits under ecological uncertainty

Saphores, Jean-Daniel M.; Carr, Peter - In: Project flexibility, agency, and competition : new …, (pp. 254-271). 2000

Persistent link: https://www.econbiz.de/10001680727

Should I stay or should I go? : Migration under uncertainty ; a real options approach

Khwaja, Yasmeen - 2002

Persistent link: https://www.econbiz.de/10001730311

Rental rates under housing price uncertainty : a real options approach

Wang, Honglin; Yu, Fan; Zhou, Yinggang - 2013

Persistent link: https://www.econbiz.de/10010221563

The Proximity-Concentration Tradeoff Under Uncertainty

Ramondo, Natalia - 2011

This paper analyzes the firm's choice between serving a foreign market through exports or foreign affiliate sales in an environment characterized by country speci c shocks to the cost of production. Our model predicts that country pairs with less correlated output fluctuations trade more,...

Persistent link: https://www.econbiz.de/10013133331

Multi-Commodity Real Options Analysis of Power Plant Investments : Discounting Endogenous Risk Structures

Rohlfs, Wilko - 2012

, irrespective of the fact that the specific risk strongly varies with the technology concerned and also over time. In order to … endogenize the technology-specific risk, we develop a new model that explicitly accounts for the (likewise technology …

Persistent link: https://www.econbiz.de/10013103556

The Effect of Uncertainty on Investment, Hiring, and R&D : Causal Evidence from Equity Options

Stein, Luke C.D. - 2014

There is wide debate over the impact of uncertainty on firm behavior, due to the difficulty both of measuring uncertainty and of identifying causality. This paper takes three steps that attempt to address these challenges. First, we develop an instrumental variables strategy that exploits firms'...

Persistent link: https://www.econbiz.de/10013069505

Progressive Income Tax and Risky Personal Income : A Real Options Perspective

Alcock, Jamie - 2016

alter one of the fundamental inputs into the option price, that of the risk-free rate of return. I note the sensitivities of … these claims to changes in the risk-free rate of return. When aiming to maintain the option's value, the government's risk …

Persistent link: https://www.econbiz.de/10013001540

The Effect of Mean Reversion on Entry and Exit Decisions Under Uncertainty

Tsekrekos, Andrianos E. - 2010

Many economic variables of interest exhibit a tendency to revert to predictable long-run levels. However, mean reverting processes are rarely used in investment models in the literature. In most models, geometric Brownian motion processes are used for tractability. In this paper, a firm's entry...

Persistent link: https://www.econbiz.de/10013150516

Volume Uncertainty in Construction Projects : A Real Options Approach

Ribeiro, João Adelino - 2019

The levels of uncertainty surrounding construction projects are particularly high and construction managers should be aware that adequately managing the effects of the different types of uncertainty may lead to an increase in the overall performance of construction companies. The model proposed...

Persistent link: https://www.econbiz.de/10012905341

A Real Options Model of Real Estate Development with Entitlement Risk

Cheng, Yiying - 2019

Real option theory models real estate development as a developer-controlled exercise of an option to construct the … a compound development option, where the developer begins with minimal control and maximum risk, and each successful … stage increases control and reduces risk. We solve the model analytically, provide three-dimensional numerical comparisons …

Persistent link: https://www.econbiz.de/10012905539