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Real Options With Uncertain Maturity and Competition

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NBER2007-03-01 更新2025-01-04 收录
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We develop a new approach to dealing with real options problems with uncertain maturity. This type of situation is typical for R&D investments and mine or oil exploration projects. These types of projects are characterized by significant on-going investment costs until completion. Since time to

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2007-03-01
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