This paper develops an agent-based real options model, which is capable of analyzing the investment and disinvestment … the model in which the firms can trade permits with each other according to their investment or disinvestment behavior for …

In entrepreneurial decisions making uncertain future profits often are a main characteristics of real investment … profit taxation and real options. We model an investment decision including an option to invest and an option to abandon. We … into a capitalized investment. Instead, if we abstract from the possibility to abandon the investment object such …