Real Options Theory for Law Makers

Abstract The formulation of legal rules is a challenging issue for lawmakers. Trade-offs are inevitable between providing more guidance by specific rules and enlarging the scope by general rules. Using real options theory we show that the degree of precision should be considered as a degree of flexi...

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Bibliographic details
Volume: 75
Main Author: Deffains, Bruno
Obidzinski, Marie
Format: Journal Article
Language: English
Place of publication: De Boeck Université 2009
published in: Recherches économiques de Louvain Vol. 75; no. 1; pp. 93 - 117
Data of publication: 2009
Series: Recherches économiques de Louvain
Subjects:
Online Access: available in Bonn?
Database: RePEc
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