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Persistent link: https://www.econbiz.de/10003893617
The aim of this paper is to consider how the economic size and growth of a country affect its environmental policy under uncertainty in a real options framework. In contrast to the prior literature, this work explicitly takes into account the link between the development of an economy and the...
Persistent link: https://www.econbiz.de/10014204253
Persistent link: https://www.econbiz.de/10011650855
In this study, we analyze the investment-timing problem and introduce a model of two firms competing for investment preemption, each of which knows in advance the time at which the economic condition that will have an impact on the investment changes. We qualitatively show how two firms...
Persistent link: https://www.econbiz.de/10013008270
We construct a real options model in which a regime change is expected at a pre-determined future time and study the effects of regime uncertainty on a firm's strategic investment decision, taking into consideration the remaining time to the regime change and the probability of each regime...
Persistent link: https://www.econbiz.de/10014209938
Persistent link: https://www.econbiz.de/10003379595