The new option view of investment

Author(s)
Dixit, Avinash K.; Pindyck, Robert S.
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Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research.
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Abstract
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.
Date issued
1995
URI
http://hdl.handle.net/1721.1/50180
Publisher
MIT Center for Energy and Environmental Policy Research
Other identifiers
95002
Series/Report no.
MIT-CEEPR (Series) ; 95-002WP.
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