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...
|Main Author:||Termos, Ali|
|Place of publication:||
University Library of Munich, Germany
|Data of publication:||2008/03/04|
|Online Access:||available in Bonn?|
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