Technological advances and the decision to invest

DOI10.1007/s10436-012-0191-4zbMath1298.91183OpenAlexW1989430304MaRDI QIDQ470669

Christian Riis Flor, Simon Lysbjerg Hansen

Publication date: 12 November 2014

Published in: Annals of Finance (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s10436-012-0191-4

zbMATH Keywords

real optionsprice uncertaintyshocksoptimal investmentcost uncertainty

Mathematics Subject Classification ID

Decision theory (91B06) Corporate finance (dividends, real options, etc.) (91G50)

Related Items

The dampening effect of iceberg orders on small traders' welfare, a real options perspective ⋮ Quasi-analytical solution of an investment problem with decreasing investment cost due to technological innovations ⋮ Threat of termination and firm innovation ⋮ Investments with declining cost following a Lévy process

Cites Work

• Real options with unknown-date events
• American options: the EPV pricing model
• Irreversible investment and discounting: an arbitrage pricing approach
• Applied stochastic control of jump diffusions.
• Timing of investment under technological and revenue-related uncertainties
• The effect of uncertainty on investment timing in a real options model
• Devaluating projects and the investment-uncertainty relationship
• Optimal stopping for a diffusion with jumps
• Optimal stopping and perpetual options for Lévy processes
• On the investment-uncertainty relationship in a real options model
• Comparison of sequence accelerators for the Gaver method of numerical Laplace transform inversion
• Stochastic calculus for finance. I: The binomial asset pricing model.
• Some remarks on first passage of Lévy processes, the American put and pasting principles
• Market Structure and Innovation
• A Model of Growth Through Creative Destruction
• First passage times of a jump diffusion process
• Perpetual American Options Under Lévy Processes

This page was built for publication: Technological advances and the decision to invest