Maack, Moritz; Maart, Syster Christin; Musshoff, Oliver - Australian Agricultural and Resource Economics Society … - 2012
investment be-haviour to normative benchmarks of the net present value and the real options approach. Furthermore, we look at … the real options approach is appropriate to predict the investment behaviour in general. Nevertheless, we found out that … the predictions of the real options approach enable an approximation of the participants’ investment behav-iour if the …