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Economics Letters
Volumn 89, Issue 2, 2005, Pages 200-206
Smooth pasting as rate of return equalization
Author keywords

Capital budgeting; Investment policy; Option elasticity; Rates of return; Real option; Smooth pasting
Indexed keywords

EID: 27244437454     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.econlet.2005.05.028     Document Type: Article
Times cited : (28)
References (12)
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  • 2
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    • K.A. Brekke B. Øksendal The high contact principle as a sufficiency condition for optimal stopping In: D. Lund B. Øksendal (Eds.) Stochastic Models and Option Values 1991 North-Holland 187-208
    • (1991) Stochastic Models and Option Values , pp. 187-208
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    • A. Dixit R.S. Pindyck S. Sødal A markup interpretation of optimal investment rules Economic Journal 109 455 1999 179-189
    • (1999) Economic Journal , vol.109 , Issue.455 , pp. 179-189
    • Dixit, A.1    Pindyck, R.S.2    Sødal, S.3
  • 6
    • 0000822794 scopus 로고
    • Super contact and related optimality conditions
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    • Dumas, B.1
  • 7
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    • An analytic approximation for the American put price
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    • (1986) Advances in Futures and Options Research , vol.1 , Issue.1 , pp. 141-183
    • MacMillan, L.W.1
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    • The theory of rational option pricing
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    • Merton, R.C.1
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    • The expected return and exercise time of Merton style real options
    • April
    • M.B. Shackleton R. Wojakowski The expected return and exercise time of Merton style real options Journal of Business Finance and Accounting, April 29 3&4 2002 541-555
    • (2002) Journal of Business Finance and Accounting , vol.29 , Issue.3-4 , pp. 541-555
    • Shackleton, M.B.1    Wojakowski, R.2
  • 12
    • 0031994687 scopus 로고    scopus 로고
    • A simplified exposition of smooth pasting
    • S. Sødal A simplified exposition of smooth pasting Economics Letters 58 1998 217-233
    • (1998) Economics Letters , vol.58 , pp. 217-233
    • Sødal, S.1

* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.