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The objective of this paper is to combine a real options framework with portfolio optimization techniques and to apply this new framework to investments in the electricity sector. In particular, a real options model is used to assess the adoption decision of particular technologies under...
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In a modern economy, the investment in human capital by firms is crucial to foster technological adoption and foster productivity growth. This paper analyzes the correlation between firm size and the investment in job training by employers. Using a large firm level data set across 99 developing...
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