Pape, Ulrich; Schmidt-Tank, Stephan - EconWPA - 2005
valuation methods pertained for joint ventures. This paper shows that real options contribute to a better valuation of joint … determined using options valuation. Besides reviewing the basics of real options, the paper discusses the key levers of joint … ventures and shows the power of real options in the valuation process. We apply four option types (option to defer, option to …