Global increasing application of nanomaterials and their natural formation from complex materials is considered a major concern. Glass contamination didn’t get attention until now regarding its micro and nano size. Therefore, there is an urgent need for research on possible glass particles...

In the realization of infrastructure projects, the interest shown in the Build-Operate-Transfer (BOT) model is on the increase. Through the BOT projects, the risks and awards of the public in the realization of infrastructure projects are transferred to the private sector. Implementing the BOT...

This paper develops and tests a dynamic optimization model of fishermen's investment behavior in a limited-entry fishery. Because exit from limited-entry fisheries may be irreversible, the fisherman has an incentive to maintain the right to fish (whether by actually fishing or by purchasing an...

In this article we analyse the effects of different regulatory schemes (price cap and profit sharing) on a firm's investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a firm's start-up decision relative to a pure price cap...

Traditional tools fail to capture the value of new ventures, such as R&D projects and start-up companies, because of their dependence on future events that are uncertain at the time of the initial decision. In the real options setting the value of these investments is the value of the follow-on...

The real options tradition originally predicted a decreasing relationship between uncertainty and investment, through the positive effect of higher uncertainty on the trigger level for revenue relative to costs. An opposing effect on the probability of reaching the level has been identified,...