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Volumn 24, Issue 1, 1998, Pages 25-38

An option pricing approach to exploration licensing strategy

Author keywords

[No Author keywords available]

Indexed keywords

ENERGY POLICY; EXPLORATION; GAS INDUSTRY; PETROLEUM;

EID: 0032431962     PISSN: 03014207     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0301-4207(98)00005-1     Document Type: Article
Times cited : (9)

References (17)
  • 2
    • 0002370823 scopus 로고
    • Managing investment opportunities under price uncertainty: From 'last chance' to wait and see 'strategies'
    • Bjerksund P, Ekern S Managing investment opportunities under price uncertainty: from 'last chance' to wait and see 'strategies'. Financial Management. Autumn:1990;65-83.
    • (1990) Financial Management , pp. 65-83
    • Bjerksund, P.1    Ekern, S.2
  • 3
    • 85032069285 scopus 로고
    • The economics of exploration for non-renewable resources: An interpretive survey
    • Cairns R D The economics of exploration for non-renewable resources: an interpretive survey. Journal of Economic Surveys. 4:1990;361-395.
    • (1990) Journal of Economic Surveys , vol.4 , pp. 361-395
    • Cairns, R.D.1
  • 6
    • 0023792515 scopus 로고
    • An option pricing approach to evaluating petroleum projects
    • Ekern S An option pricing approach to evaluating petroleum projects. Energy Economics. 7:1986;91-99.
    • (1986) Energy Economics , vol.7 , pp. 91-99
    • Ekern, S.1
  • 7
    • 0005005642 scopus 로고
    • Search strategies and private incentives for resource exploration
    • JAI Press, Greenwich CT
    • Gilbert, R J (1979a) Search strategies and private incentives for resource exploration. In Advances in the Economics of Energy Resources, JAI Press, Greenwich CT.
    • (1979) In Advances in the Economics of Energy Resources
    • Gilbert, R.J.1
  • 8
    • 72249086906 scopus 로고
    • The Social and Private Value of Exploration Information
    • ed. by J B Ramsey. JAI Press Inc., Greenwich CT
    • Gilbert, R J (1979b) The Social and Private Value of Exploration Information. In The Economics of Exploration for Energy Resources, ed. by J B Ramsey. JAI Press Inc., Greenwich CT.
    • (1979) In the Economics of Exploration for Energy Resources
    • Gilbert, R.J.1
  • 9
    • 0002838715 scopus 로고
    • Project evaluation: A practical asset pricing method
    • Jacoby H D, Laughton D G Project evaluation: a practical asset pricing method. The Energy Journal. 13:1992;19-47.
    • (1992) The Energy Journal , vol.13 , pp. 19-47
    • Jacoby, H.D.1    Laughton, D.G.2
  • 11
  • 12
    • 84959850844 scopus 로고
    • Option valuation of claims on real assets: The case of offshore petroleum leases
    • Paddock J L, Siegel D R, Smith J L Option valuation of claims on real assets: the case of offshore petroleum leases. The Quarterly Journal of Economics. 103:1988;479-508.
    • (1988) The Quarterly Journal of Economics , vol.103 , pp. 479-508
    • Paddock, J.L.1    Siegel, D.R.2    Smith, J.L.3
  • 13
    • 1542466219 scopus 로고
    • Two externalities in petroleum exploration
    • ed. by G M Brannon. Ballinger, Cambridge MA
    • Peterson, F M (1975) Two externalities in petroleum exploration. In Studies in Energy Tax Policy, ed. by G M Brannon. Ballinger, Cambridge MA.
    • (1975) In Studies in Energy Tax Policy
    • Peterson, F.M.1
  • 14
    • 0002433664 scopus 로고
    • Petroleum property valuation: A binomial lattice implementation of option pricing theory
    • Pickles E, Smith J L Petroleum property valuation: a binomial lattice implementation of option pricing theory. The Energy Journal. 14:1993;1-26.
    • (1993) The Energy Journal , vol.14 , pp. 1-26
    • Pickles, E.1    Smith, J.L.2
  • 15
    • 0019146732 scopus 로고
    • Uncertainty and exhaustible resource markets
    • Pindyck R S Uncertainty and exhaustible resource markets. Journal of Political Economy. 88:1980;1203-1225.
    • (1980) Journal of Political Economy , vol.88 , pp. 1203-1225
    • Pindyck, R.S.1
  • 17
    • 0000792991 scopus 로고    scopus 로고
    • The stochastic behavior of commodity prices: Implications for valuation and hedging
    • Schwartz E S The stochastic behavior of commodity prices: implications for valuation and hedging. The Journal of Finance. LII:1997;923-973.
    • (1997) The Journal of Finance , vol.52 , pp. 923-973
    • Schwartz, E.S.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.