Boyarchenko, Svetlana; Levendorskii, Sergei - EconWPA - 2005
This paper is an extended version of the paper 'Practical Guide to Real Options in Discrete Time' (http …://econwpa.wustl.edu:80/eps/fin/papers/0405/0405016.pdf), where a general, computationally simple approach to real options in discrete time … was suggested. We explicitly formulate conditions of the general theorems for basic types of real options, and explain our …