We provide a new framework for valuing multidimensional real options where opportunities
to exercise the option are generated by an exogenous Poisson process, which can be …

This paper considers investment problems in real options with non-homogeneous two-factor
uncertainty. We derive some analytical properties of the resulting optimal stopping problem …

This paper presents a model to calculate the value of the real option to defer an investment
project within one, two, and in general n periods. The methodology used to deduce the …

This paper uses the real options approach to analyze a firm's decision to switch from an
ongoing project to another one. In both projects, there is uncertainty about the arrival and …

Abstract Public-Private Partnerships (PPP) became one of the most common types of public
procurement arrangements and Build-Own-Transfer (BOT) projects, awarded through …

This paper considers investment problems in real options with non-homogeneous twofactor
uncertainty. We derive some analytical properties of the resulting optimal stopping problem …

This paper considers investment problems in real options with non-homogeneous 1 two-
factor uncertainty. We derive some analytical properties of the resulting optimal stopping 2 …

Esta dissertação tem como objectivo estudar os incentivos que o Estado terá de
proporcionar a um investidor em energias renováveis, concretamente, em energia eólica …

From previous two-factor real options models (eg, Paxson and Pinto, 2005; Armada et al.,
2013), we acknowledge that the output price-quantity correlation coefficient affects …

Often, firms can choose from different combinations of price and cost processes. For
example, they can choose between different production locations or technologies, between …