Browsing Economists Online Collection & RePEc by Subject "Value"

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Browsing Economists Online Collection & RePEc by Subject "Value"

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  • Kelly, Morgan (Elsevier Science B.V., 1991-06)
    This note shows a very simple way to incorporate the effects of uncertainty about the accuracy of present value estimates into the firm's option to delay irreversible investment. It is shown that, if the firm's priors about ...

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