Real options and the jorgensonian user cost of capital
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| Natura: | Artículo científico |
| Lingua: | en |
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Fundación SEPI
2005
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| _version_ | 1876458009638469632 |
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| author | Óscar Gutiérrez |
| author_facet | Óscar Gutiérrez |
| contents | Real options and the jorgensonian user cost of capital Óscar Gutiérrez Economía y Finanzas free boundary Real options gamma process user cost of capital Dixit and Pindyck (1994) claim that the Jorgensonian rule of investment(Jorgenson, 1963) does not hold in uncertain settings. This note shows thatthe validity of that claim depends crucially on the particular process chosento describe the economic uncertainty. In fact, the Jorgensonian rule of investmentholds in other real options models. 2005 artículo científico 0210-1521 https://www.redalyc.org/articulo.oa?id=17329307 en http://www.redalyc.org/revista.oa?id=173 Investigaciones Económicas application/pdf Fundación SEPI Investigaciones Económicas (España) Num.3 Vol.XXIX |
| format | Artículo científico |
| id | redalyc_17329307 |
| institution | Redalyc |
| language | en |
| publishDate | 2005 |
| publisher | Fundación SEPI |
| spellingShingle | Real options and the jorgensonian user cost of capital Óscar Gutiérrez Economía y Finanzas free boundary Real options gamma process user cost of capital Real options and the jorgensonian user cost of capital Óscar Gutiérrez Economía y Finanzas free boundary Real options gamma process user cost of capital Dixit and Pindyck (1994) claim that the Jorgensonian rule of investment(Jorgenson, 1963) does not hold in uncertain settings. This note shows thatthe validity of that claim depends crucially on the particular process chosento describe the economic uncertainty. In fact, the Jorgensonian rule of investmentholds in other real options models. 2005 artículo científico 0210-1521 https://www.redalyc.org/articulo.oa?id=17329307 en http://www.redalyc.org/revista.oa?id=173 Investigaciones Económicas application/pdf Fundación SEPI Investigaciones Económicas (España) Num.3 Vol.XXIX |
| title | Real options and the jorgensonian user cost of capital |
| topic | Economía y Finanzas free boundary Real options gamma process user cost of capital |
| url | https://www.redalyc.org/articulo.oa?id=17329307 |