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...
| Autor principal: | |
|---|---|
| Outros Autores: | , |
| Formato: | workingPaper |
| Idioma: | eng |
| Publicado em: |
2019
|
| Assuntos: | |
| Texto completo: | http://hdl.handle.net/10400.3/4975 |
| País: | Portugal |
| Oai: | oai:repositorio.uac.pt:10400.3/4975 |