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Found 1 from your keywords: author=SCHONE, Max
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Real Options Valuation: The Importance of Stochastic Process Choice in Commod…
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SCHONE, Max

The Author shows that modelling the uncertain cash flow dynamics of an investment project deserves careful attention in real options valuation. Focusing on the case of commodity price uncertainty, a broad empirical study reveals that, contrary to common assumptions, prices are often non-stationary and exhibit non-normally distributed returns. Subsequently, more realistic stochastic volatility, …

Edition
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ISBN/ISSN
978-3-658-07493-7
Collation
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Series Title
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Call Number
332