Investing in a random start American option under competition

In this paper we develop a model to determine the value of the opportunity to invest in a random start American real option. In contrast to a typical American option, the random start option only exists if an exogenous event occurs materializing the American option to invest. In addition, the effect...

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Bibliographic Details
Main Author: Pereira, Paulo J. (author)
Other Authors: Rodrigues, Artur (author)
Format: article
Language:eng
Published: 2019
Subjects:
Random start options
Real options
Uncertainty
Competition
Ciências Sociais::Economia e Gestão
Social Sciences
Online Access:http://hdl.handle.net/1822/65728
Country:Portugal
Oai:oai:repositorium.sdum.uminho.pt:1822/65728

Internet

http://hdl.handle.net/1822/65728

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