著者紹介

内容

目次

1. (Introduction) Real Options Analysis: Development and NewContributions; PART I: OPTIMAL CONTINGENT POLICIES AND THE VALUE OFFLEXIBILITY; 2. Real Options and Rules of Thumb in Capital Budgeting; 3.Investment in Flexible Technologies under Uncertainty; 4. Expandability,Reversibility, and Optimal Capacity Choice; 5. Entry and Exit Strategiesunder Non-Gaussian Distributions; 6. Evaluating Research and DevelopmentInvestments; PART II: AGENCY, CONTRACTS, AND INCENTIVES; 7. A Self-EnforcedDynamic Contract for Processing of Natural Resources; 8. Bidding for theAntamina Mine: Valuation and Incentives in a Real Options Context; 9. Agency,Costs, Underinvestment, and Optimal Capital Structure: The Effect of GrowthOptions to Expand; PART III: FLEXIBILITY IN NATURAL AND ENVIRONMENTALRESOURCE INVESTMENTS; 10. Valuation of Natural Resource Investments withStochastic Conscience Yields and Interest Rates; 11. A Compound Option Modelfor Evaluating Multi-Stage Natural Resource Investments; 12. OptimalExtraction of Nonrenewable Resources when Costs Cumulate; 13. Real Optionsand the Timing of Emission Limits under Ecological Uncertainty; PART IV:STRATEGIC OPTIONS AND PRODUCT MARKET COMPETITION; 14. Competitive InvestmentDecisions: A Synthesis; 15. Equilibrium Time To Build: A Real OptionsApproach; 16. Strategic Sequential Investments and Sleeping Patents; 17. TheShip Lay-Up Option and Equilibrium Freight Rates