Com a crescente preocupação com o meio-ambiente, bancos e instituições financeiras têm aumentado a oferta de crédito a iniciativas rurais que visam uma plantação sustentável aliada ao reflorestamento. Desta forma, este artigo busca analisar um projeto de implantação de uma cultura de...

This paper studies the value and optimal timing for investment in finite-lived monopolies, extending the literature on real option games by considering the cases of random and certain-lived monopolies. Under these settings, firms face the risk of demonopolization, that can occur as a random or a...

This paper studies the effect of discrete dividends on the FTSE-100 index options valuation, following closely Harvey and Whaley's [<italic>J. Fut. Mkts</italic>, 1992, <bold>12</bold>(2), 123-137] study on the S&P-100 index. To the best of our knowledge, no such study has ever been performed on FTSE-100 options, where the...

This paper builds on the ongoing discussion on regulation and marketisation of higher education. It aims at investigating the higher education market (des)equilibrium. Teixeira, Rosa and Amaral (2004) have analysed the presence/absence of market mechanisms in the Portuguese higher education...

In this paper, we analyse how certain subsidies and guarantees given to private firms in public--private partnerships should be optimally arranged to promote immediate investment in a real options framework. We show how an investment subsidy, a revenue subsidy, a minimum demand guarantee, and a...

Chen and Shen [Chen, A.-S., and P.-F. Shen. 2003. Computational complexity analysis of least-squares Monte Carlo (LSM) for pricing US derivatives. Applied Economics Letters 10: 223-9] argue that we can improve the least squares Monte Carlo method (LSMC) to value American options by removing the...