搜索结果: 1-11 共查到“经济学 Real Options”相关记录11条 . 查询时间(0.093 秒)
The Real Options Effect of Uncertainty on Investment and Labor Demand
Investment labor demand uncertainty real options
2015/7/15
This paper shows that, contrary to common beliefs, the real options effect of uncertainty plays no role in the longrun rate of investment. This is proven for both the standard investment model with Co...
Analysing the new IFS-Leverhulme database on over 200 major British ®rms since 1968 we show that patents have an economically and statistically signi®cant impact on ®rm-level productivi...
After 30 years of discussion and research, the academic community has established a complete theoretical system of real options and provided an excellent framework for the use of real options theory i...
On the Value–Volatility Relationship in a Real Options Model
investment analysis option-pricing theory finance nonlinear stochastic differential equation
2009/5/7
In the analytical real options approach, the most important proposition that the value of the investment opportunity increases as the volatility increases has been proved by assuming the convexity of...
Real Options in an Oligopoly Market
investment decision strategic substitution NPV criterion sequential investment
2009/5/7
This paper considers strategic entry decisions in an oligopoly market when the underlying state variable follows a geometric Brownian motion. It is shown that, even in the oligopoly case, three types...
Optimal Aid in Environmental Policy A Real Options Approach
external effect direct aid social welfare environmental policy
2009/5/6
In this paper, we analyze an environmental policy that is designed to reduce the emission of pollutants when there is uncertainty over the social costs of environmental damage.We first establish a mod...
Using Real Options Theory to Analyze the Impacts of Urban Development on Farm Real Estate Markets
Real Options Farmland Option Value Irriversibility Uncertainty
2009/1/12
This paper assesses the real option values of farmland using data from Ohio, USA. The option value of delaying the sale of a farm property was measured using an emerging, relatively new theory namely...
Valuing Corporate Growth Using Real Options
real growth option corporate valuation organic growth
2010/12/7
The corporate DCF model is often criticized for its limitations in valuing investments with significant multi-period growth opportunities. The current paper offers a practical methodology that employs...
On the Value–Volatility Relationship in a Real Options Model
investment analysis option-pricing theory finance
2010/12/7
In the analytical real options approach, the most important proposition that the value of the investment opportunity increases as the volatility increases has been proved by assuming the convexity of ...
Real Options in an Oligopoly Market
investment decision strategic substitution NPV criterion sequential
2010/12/7
This paper considers strategic entry decisions in an oligopoly market when the underlying state variable follows a geometric Brownian motion. It is shown that, even in the oligopoly case, three types ...
Real Options in an Oligopoly Market
investment decision strategic substitution NPV criterion
2010/12/7
This paper considers strategic entry decisions in an oligopoly market when the underlying state variable follows a geometric Brownian motion. It is shown that, even in the oligopoly case, three types ...