This paper presents a dynamic framework which implements risk as a continuous variable into the proximity … possibility to collect further information about the volatile variable over time. On the basis of the real option theory (Dixit … investment decision although positive returns can be achieved. For specific risk values the model predicts, in the presence of a …

human capital investment decision. Real option theory offers a new perspective of the human capital investment decision … discuss discontinuities and sheepskin effects within this approach. -- human capital theory ; uncertainty ; irreversibility …

shows that macroeconomic risk acts as an important deterrent to investments. -- business cycles ; real options ; investment …

shows that macroeconomic risk acts as an important deterrent to investments …

Recent research on real options does not only consider optimal investment decisions under risk, but also under …

human capital investment decision. Real option theory offers a new perspective of the human capital investment decision …

We need a robust theory to analyse the dynamics of new industrial organizations that are being created by the explosion … towards formulating such a theory. The new conceptual tools of analysis presented here include the "platform" as a key element …