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	Provedor de dados AgEcon (1) Autor Musshoff, Oliver (1) Odening, Martin (1) Palavra-chave Contingent claim analysis (1) Farm Management (1) Flexibility (1) Hog finishing (1) Hysteresis (1) Investment under uncertainty (1) Real options (1) Risk and Uncertainty (1) Mais... Tipo do documento Journal Article (1) Ano 2001 (1) País United States (1) Idioma Alemão (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Reale Optionen und Landwirtschaftliche Betriebslehre – oder: Kann man mit der Optionspreistheorie arbitrieren? AgEcon Odening, Martin; Musshoff, Oliver. This paper discusses the real options approach to investment. Real options facilitate an analysis of investment under uncertainty explicitly taking into account irreversibility of the investment decision and flexibility with respect to the investment timing. This is achieved by exploiting the analogy between a financial option and an investment project. We pinpoint the relation to traditional methods of capital budgeting as well as the special features of this concept, namely the exclusion of arbitrage opportunities and the independence of individual risk preferences. Analytical and numerical solution procedures for option pricing are presented. An application to investments in hog finishing illustrates the main ideas of the real options approach. It turns... Tipo: Journal Article Palavras-chave: Real options; Investment under uncertainty; Flexibility; Contingent claim analysis; Hysteresis; Hog finishing; Farm Management; Risk and Uncertainty. Ano: 2001 URL: http://purl.umn.edu/99004 Registros recuperados: 1 Primeira ... 1 ... Última

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