Working Paper
Commitment as investment under uncertainty
Abstract: An explanation of how irreversible investment and the techniques associated with pricing real options can apply to a broad range of problems in finance, macroeconomics, and trade policy.
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https://doi.org/10.26509/frbc-wp-199606
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Provider: Federal Reserve Bank of Cleveland
Part of Series: Working Papers (Old Series)
Publication Date: 1996
Number: 9606