Irreversible investment
Irreversible investment and the value of information gathering
... This note develops a model in which a firm has to decide whether to undertake an irreversible investment. The firm has the option to delay it's decision in an effort to observe the actions of other firms. ...
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Journal of Urban Economics. Irreversible investment, real options, and competition: Evidence from real estate development
... to investment in real assets has altered the way that re- searchers model ...new irreversible investment can be two to three times as large as the trigger value when investments are ...of ...
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Optimal entry to an irreversible investment plan with non convex costs
... Abstract A problem of optimally purchasing electricity at a real-valued spot price (that is, allowing negative prices) has been recently addressed in De Angelis et al. (SIAM J Control Optim 53(3), 1199–1223, 2015). The ...
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Capital Gains Taxes, Irreversible Investment, and Capital Structure.
... different investment and financing policies depending on their stock price ...delay irreversible investment further the lower the tax basis of their owners ...the investment hedge provided by ...
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Essays on Basket Options Hedging and Irreversible Investment Valuation
... sequential irreversible investment problem is treated as a sequence of singular control ...cost. Investment occurs “at the margin” if and only if the capacity is depreciated or the investment ...
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Optimal Boundary Surface for Irreversible Investment with Stochastic Costs
... of irreversible investment under uncertainty with stochastic investment costs; ii) as a byproduct we develop methods to uniquely characterize optimal boundaries of infinite time horizon optimal ...
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Irreversible Investment, Real Options, and Competition: Evidence from Real Estate Development
... to investment in real assets has altered the way that researchers model ...in irreversible assets when returns are stochastic, reflecting the option to delay that is lost when investment ...new ...
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Irreversible Investment under Uncertainty in Electricity Generation: A Clay-Clay-Vintage Portfolio Approach with an Application to Climate Change Policy in the UK
... Figure 2 shows that, over the last decades, emissions from power generation have been decreasing, while electricity production has continued to increase, while CO2 emissions per unit of power generated have decreased by ...
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The impact of tax uncertainty on irreversible investment
... long-term investment projects, whereas model- specific tax uncertainty may occur for any duration of an investment ...an investment model based on real option ...individual investment ...
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Real Options, Irreversible Investment and Firm Uncertainty: New Evidence from U.S. Firms
... Most relevant to this paper is the study by Leahy & Whited (1996). They use a panel of manufacturing firms from Compustat and CRSP to document some stylized facts regarding the relationship between investment ...
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A model for irreversible investment with construction and revenue uncertainty
... This paper presents a model of investment in projects that are characterized by uncertainty over both the construction costs and revenues. Both processes are modeled as spectrally negative L´evy jump-diffusions. ...
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Interest Rate and Investment under Uncertainty: Evidence from Commercial Real Estate Capital Improvements
... on irreversible investment, which is that the investment response to interest rate changes depends on the difference between the interest rate and the expected future income growth ...stimulate ...
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Time-Varying Oil Price Volatility and Macroeconomic Aggregates
... that irreversible investment decisions do not necessarily overturn the ...for investment decisions when firms consider an irreversible ...hence irreversible, capital and durable ...
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On the thermal gradient in the Earth’s deep interior
... The main objective of this study is to better understand whether the irreversible entropy production in the dynamic mantle can be assimilated to the entropy related to the JT model. This appears to be the case ...
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Asset Prices and Real Investment
... which investment constraints could be relevant, ...and investment technologies; see Kogan (2001) for further ...firm investment and market clearing, and are therefore more ...
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Remission of irreversible aripiprazole induced tardive dystonia with clozapine: a case report
... Withdrawal of aripiprazole alone was not enough to reverse tardive dystonia in previous cases [10, 11, 14]. Trihexyphenidyl and quetiapine were used in those cases. However, it is not clear whether the medication or ...
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Theory of viscous and thermal attenuation of sound by small spheres
... of the internal energy per unit volume of the fluid due to a irreversible heat flow in the presence of the thermal gradients and b irreversible mechanical work done by the viscous forces[r] ...
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The Santaniello theorem of irreversible benefits
... Research on HIV/AIDS in Africa shows the number and quantity of crops grown in the home garden increases among HIV/AIDS affected households (Gebreselassie, 2009). This opens-up the possibility for HIV/AIDS mitigation ...
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Percutaneous irreversible electroporation for the treatment of small renal masses: The first Canadian case series
... Since its first use in human tissue ablation in 2005, irreversible electroporation (IRE) has gained popularity in treatment of small tumours. 1 Although the mechanism of action is still not fully understood, it is ...
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Irreversible electroporation: state of the art
... tumor. Irreversible electroporation (IRE) is a novel ablation modality based on the principle of electroporation or electropermeabilization, in which electric pulses are used to create nanoscale defects in the ...
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