The Value of Waiting to Invest
收藏NBER1982-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w1019
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资源简介：
This paper studies the optimal timing of investment in an irreversible project where the benefits from the project and the investment cost follow continuous-time stochastic processes. The optimal time to invest and an explicit formula for the value of the option to invest are derived. The rule
提供机构：
美国国家经济研究局
创建时间：
1982-11-01
