High Speed rail transport valuation and conjuncture shocks

In the present paper we derive the optimal investment policy of investment in the high speed rail (HSR) project, under uncertainty, using the real options analysis (ROA) framework. We assume that the HSR demand, the main source of uncertainty, follows a geometric brownian motion with random jumps, c...

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Bibliographic Details
Main Author: Couto, Gualter (author)
Other Authors: Nunes, Cláudia (author), Pimentel, Pedro (author)
Format: workingPaper
Language:eng
Published: 2019
Subjects:
High Speed Rate
Investment
Real Options
Uncertainty Timing
Online Access:http://hdl.handle.net/10400.3/4975
Country:Portugal
Oai:oai:repositorio.uac.pt:10400.3/4975

Internet

http://hdl.handle.net/10400.3/4975

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