Capital Investment as Real Options: A Note on Dixit-Pindyck Model
Abstract This paper applies Contingent Claims model a la Dixit and Pindyck (1994), on bank investment. Banks are indifferent between investing their assets on their own and extending loans to investors. The critical decision faced by the banker is the timing of the investment decision and its uncert...
Saved in:
| Main Author: | Termos, Ali |
|---|---|
| Format: | Publication |
| Language: | English |
| Place of publication: |
29.01.2008 |
| Data of publication: | 2008-01-29 |
| Classification Codes: |  |
| Subjects: | |
| Online Access: | available in Bonn? |
| Database: | OpenAIRE (Open Access) OpenAIRE Database information Databases - DBIS |