A real option to divest with two correlated sources of ambiguity
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- Jianjun Miao & Neng Wang, 2010. "Risk, uncertainty,and option exercise," Boston University - Department of Economics - Working Papers Series WP2010-029, Boston University - Department of Economics.
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More about this item
Keywords
real options; ambiguity; irreversible investment; option to divest; Choquet-Brownian;All these keywords.
JEL classification:
- G1 - Financial Economics - - General Financial Markets
- G2 - Financial Economics - - Financial Institutions and Services
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