Hysteresis effects under CIR interest rates
Most decision making research in real options focuses on revenue uncertainty assuming discount rates remain constant. However, for many decisions revenue or cost streams are relatively static and investment is driven by interest rate uncertainty, for example the decision to invest in durable machine...
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | article |
| Language: | eng |
| Published: |
2015
|
| Subjects: | |
| Online Access: | https://ciencia.iscte-iul.pt/public/pub/id/9530 |
| Country: | Portugal |
| Oai: | oai:repositorio.iscte-iul.pt:10071/9971 |