Broll, Udo (contributor); Hansen, Sabine (contributor) - 2004 - [Elektronische Ressource]
options theory has been increasingly applied to various eco-
nomic problems apart from corporate nance, including exchange … UNCERTAINTY AND REAL OPTIONS THEORY 3
One of the rst to apply real options theory to export strategies was
Franke (1991). He … the analysis of the
substitution and the income e ect. Section 4 concludes.
2 Uncertainty and real options theory
In this …