Saphores, Jean-Daniel; Gravel, Éric; Bernard, Jean-Thomas - Département d'Économique, Université Laval - 2003
; irreversibility; real options; interconnections.
JEL Classification: D81, L51.
1
Abstract
We consider a firm that must … underscore the need for transparent regulatory policies.
Second, our paper is one of the few applications of real options to … formulate this problem using concepts from the theory of
real options. Thus, we see the possibility of initiating the …