Waiting in real options with applications to real estate development valuation
In this thesis two dierent problems regarding real options are studied. The rst paper discusses the valuation of a timing option in an irreversible investment when the underlying model is incomplete. It is well known that in a complete model there is no nite optimal time at which to invest if the un...
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| Format: | Others |
| Language: | English |
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KTH, Matematisk statistik
2016
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| Online Access: | http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-188145 http://nbn-resolving.de/urn:isbn:978-91-87111-06-8 |