Lumps and Clusters in Duopolistic Investment Games: An Early Exercise Premium Approach

Ruffino, Doriana; Treussard, Jonathan

doi:10.2139/ssrn.925220

Cited by 2 publications

(2 citation statements)

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“…Sarkar analyzes the probability of investment taking place within a certain time period and points at the fact that an increasing trigger does not automatically mean that investment will be delayed. A related result is shown by Ruffino and Treussard (2007) in a model of duopolistic competition with investment and time to build. The difference with our result is that we show that increased uncertainty may not even lead to an increased trigger.…”

Section: Article In Pressmentioning

confidence: 69%

Finite project life and uncertainty effects on investment

Gryglewicz

Huisman

Kort

2008

Journal of Economic Dynamics and Control

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This paper revisits the important result of the real options approach to investment under uncertainty, which states that increased uncertainty raises the value of waiting and thus decelerates investment. Typically in this literature projects are assumed to be perpetual. However, in today's economy firms face a fast-changing technology environment, implying that investment projects are usually considered to have a finite life. The present paper studies investment projects with finite project life, and we find that, in contrast with the existing theory, investments may be accelerated by increased uncertainty. It is shown that this particularly happens at low levels of uncertainty and when project life is short. r

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Section: Article In Pressmentioning

confidence: 69%

Finite project life and uncertainty effects on investment

Gryglewicz

Huisman

Kort

2008

Journal of Economic Dynamics and Control

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“…Goto (2008) considera también los costos cuando una estas empresas fracasa y tiene que retirarse del mercado y dejar su participación a la o las restantes empresas, Aray (2008) hace los mismo pero para una empresa monopólica que evalúa atender demandas de mercados internacionales, aunque al no haber competencia lleva a que el monopolio no este incentivado a invertir con el dinamismo de la libre competencia. Ruffino & Treussard (2007) afirman que debe ser una estrategia de vital importancia ya que paliaría las perdidas sociales que sufre el mercado por esta estructura.…”

Section: Análisis Teórico De Las Necesidades Técnicas En Materials De Evaluación De Proyectosunclassified

Herramientas para evaluar estrategias desde la perspectiva de rentabilidad: Análisis bibliográfico de las distintas metodologías de evaluación

Freymanntt

Saldívar

2017

Innovaciones de Negocios

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Keywords: evaluation, project and investment, strategy, valueAbstract. Among the different methods that presently exist in published literature regarding business strategy evaluation, there are those that refer to financial and economic feasibility. The present document aims to list and explain the main and most used of these methods, as well as to present other real options that have recently become part of this field of study, and then proceeds to make a comparison between them. It concludes with recommendations on which of these should be used in the present business environment.Palabras clave: estrategia, evaluacion, proyecto e inversion, valorResumen. Dentro de los diferentes métodos que existen en la literatura de evaluación de estrategias empresariales, se encuentran las que hacen referencia a la factibilidad financiera y económica, este documento busca enumerar y explicar las principales y mas usadas, así como presentar la metodología de opciones reales que recientemente se ha unido a esta disciplina, también se hace una comparación entre estas y se concluye con recomendaciones de cuales deberían de ser usadas en el entorno de negocios actual.

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Lumps and Clusters in Duopolistic Investment Games: An Early Exercise Premium Approach

Cited by 2 publications

References 53 publications

Finite project life and uncertainty effects on investment

Finite project life and uncertainty effects on investment

Herramientas para evaluar estrategias desde la perspectiva de rentabilidad: Análisis bibliográfico de las distintas metodologías de evaluación

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