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Title:
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The new option view of investment |
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Author:
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Dixit, Avinash K.; Pindyck, Robert S. |
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Other Contributors:
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Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. |
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Publisher:
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MIT Center for Energy and Environmental Policy Research |
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Issue Date:
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1995 |
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Abstract:
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This paper provides a simple introduction to the new option view of investment. We explain the shortcomings of the orthodox theory, and then outline the basic ideas behind the option framework. Several industry examples are briefly discussed. |
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URI:
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http://hdl.handle.net/1721.1/50180
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Other Identifiers:
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95002 |
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Series/Report no.:
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MIT-CEEPR (Series) ; 95-002WP. |
