Capacity choice in (strategic) real options models : A survey

作者: Nick F. D. Huberts , Kuno J. M. Huisman , Peter M. Kort , Maria N. Lavrutich

DOI: 10.1007/S13235-015-0162-2

关键词: Investment (macroeconomics)MicroeconomicsEconomicsOligopolyTime optimalValue (economics)Discount pointsCompetition (economics)

摘要: The theory of real options determines the optimal time to invest in a project of given size. As a main result, it is found that in a more uncertain environment, it is optimal for a firm to delay …

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