Real options: A primer
Date
2000ISBN
978-0-7923-7734-4Google Scholar check
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This paper serves to introduce the basic ideas and valuation principles for corporate real options, and basic concepts related to growth options, competition and strategy. It first uses an example to motivate the discussion of various real options and presents practical principles for valuing several common real options, such as the options to defer investment, expand capacity, abandon the project, or switch uses. It then presents a conceptual discussion of growth options, competition and strategy, proposing strategic questions and a new project classification scheme as a practical aid for option-based analysis. Finally, it discusses various applications and notes areas for future research. ABSTRACT FROM AUTHOR] Copyright of New Investment Theory of Real Options & its Implication for Telecommunications Economics is the property of Springer eBooks and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)