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Options, uncertainty and sunk costs:
11 references·16 citing·38 second hop
Options, uncertainty and sunk costs: (2003)Options, uncertainty and sunk costs:The Art of Smooth Pasting (2013)The Art of Smooth PastingThe Effect of Uncertainty on Investment: Some Stylized Facts (1995)The Effect of Uncertainty on …The intensity and timing of investment: The case of land (1994)The intensity and timing of i…Investment Under Uncertainty. (1994)Investment Under Uncertainty.Investment under Uncertainty (1994)Investment under UncertaintyAdjustment of Consumers' Durables Stocks: Evidence from Automobile Purchases (1994)Adjustment of Consumers' Dura…Empirical Testing of Real Option-Pricing Models (1993)Empirical Testing of Real Opt…The tree-cutting problem in a stochastic environment (1989)The tree-cutting problem in a…The Pricing of Options on Assets with Stochastic Volatilities (1987)The Pricing of Options on Ass…The Pricing of Options on Assets with Stochastic Volatilities (1987)The Pricing of Options on Ass…Optimal Replacement of GMC Bus Engines: An Empirical Model of Harold Zurcher (1987)Optimal Replacement of GMC Bu…Feasibility of re-processing mine tailings to obtain critical raw materials using real options analysis (2021)Feasibility of re-processing …Investing in climate change adaptation and mitigation: A methodological review of real-options studies (2020)Investing in climate change a…Swedish-Norwegian tradable green certificates: Scheme design flaws and perceived investment barriers (2017)Swedish-Norwegian tradable gr…Abandonment of milk production under uncertainty and inefficiency: the case of western German Farms (2017)Abandonment of milk productio…Real options analysis for land use management: Methods, application, and implications for policy (2015)Real options analysis for lan…Investment timing under uncertain renewable energy policy: An empirical study of small hydropower projects (2014)Investment timing under uncer…The additionality problem with offsets: Optimal contracts for carbon sequestration in forests (2013)The additionality problem wit…Gradual Land-Use Change in New Zealand: Results from a Dynamic Econometric Model (2012)Gradual Land-Use Change in Ne…The efficiency of voluntary incentive policies for preventing biodiversity loss (2010)The efficiency of voluntary i…The Economics of Urban-Rural Space (2009)The Economics of Urban-Rural …Property Tax Policy and Land-Use Change (2008)Property Tax Policy and Land-…Internalization and internationalization under competing real options (2008)Internalization and internati…Economic hysteresis in hog production (2008)Economic hysteresis in hog pr…An Empirical Examination of the Timing of Land Conversions in the Presence of Farmland Preservation Programs (2008)An Empirical Examination of t…What Drives Land-Use Change in the United States? A National Analysis of Landowner Decisions (2007)What Drives Land-Use Change i…Enduring Impacts of Land Retirement Policies: Evidence from the Conservation Reserve Program (2007)Enduring Impacts of Land Reti…THE VALUE OF AN OPTION TO EXCHANGE ONE ASSET FOR ANOTHER (1978)The Value of Waiting to Invest (1982)Evaluating Natural Resource Investments (1985)Infrastructure financing and urban development: (1997)House price uncertainty, timing of development, and vacant land prices: Evidence for real options in Seattle (2005)NEW DIRECTIONS FOR URBAN ECONOMIC MODELS OF LAND USE CHANGE: INCORPORATING SPATIAL DYNAMICS AND HETEROGENEITY (2010)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Consumption, Income, and Interest Rates: Reinterpreting the Time Series Evidence (1989)The Response of Household Consumption to Income Tax Refunds (1999)External finance constraints and the intertemporal pattern of intermittent investment (2006)Economic policy uncertainty: A literature review (2019)Conditional logit analysis of qualitative choice behavior (1972)Conditional Choice Probabilities and the Estimation of Dynamic Models (1993)How Social Security and Medicare Affect Retirement Behavior In a World of Incomplete Markets (1997)Ability sorting and the returns to college major (2003)Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition (1974)Challenges to the practical implementation of modeling and valuing real options (1998)Real options and preemption under incomplete information (2002)When Are Real Options Exercised? An Empirical Study of Mine Closings (2002)The Pricing of Options and Corporate Liabilities (1973)Theory of Rational Option Pricing (1973)A Closed-Form Solution for Options with Stochastic Volatility with Applications to Bond and Currency Options (1993)Measuring and Testing the Impact of News on Volatility (1993)Theory of rational option pricing (2005)Introductory Econometrics for Finance (2008)Optimal timing of technology adoption (1998)Asset Pricing Implications of Nonconvex Adjustment Costs and Irreversibility of Investment (2006)Dynamic Agency and the q Theory of Investment (2012)The Stochastic Behavior of Commodity Prices: Implications for Valuation and Hedging (1997)The Value Premium (2005)Policy Uncertainty and Corporate Investment (2015)Investment and Demand Uncertainty (1999)Economic policy uncertainty and firm-level investment (2013)The Asset Redeployability Channel: How Uncertainty Affects Corporate Investment (2016)An Overview of Value at Risk (1997)A Tale of Two Time Scales: Determining Integrated Volatility with Noisy High Frequency Data (2003)Variance Risk Premiums (2008)Capital markets research in accounting (2001)
this work references cited by second hop

References

  • 1994Investment Under Uncertainty.9,497 cited
  • 1994Investment under Uncertainty9,016 cited
  • 1987The Pricing of Options on Assets with Stochastic Volatilities3,864 cited
  • 1987Optimal Replacement of GMC Bus Engines: An Empirical Model of Harold Zurcher1,725 cited
  • 1987The Pricing of Options on Assets with Stochastic Volatilities1,179 cited
  • 1995The Effect of Uncertainty on Investment: Some Stylized Facts832 cited
  • 1993Empirical Testing of Real Option-Pricing Models458 cited
  • 2013The Art of Smooth Pasting423 cited
  • 1994The intensity and timing of investment: The case of land312 cited
  • 1994Adjustment of Consumers' Durables Stocks: Evidence from Automobile Purchases274 cited
  • 1989The tree-cutting problem in a stochastic environment182 cited

Cited by

  • 2007What Drives Land-Use Change in the United States? A National Analysis of Landowner Decisions184 cited
  • 2010The efficiency of voluntary incentive policies for preventing biodiversity loss140 cited
  • 2013The additionality problem with offsets: Optimal contracts for carbon sequestration in forests125 cited
  • 2009The Economics of Urban-Rural Space

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95 cited
  • 2008An Empirical Examination of the Timing of Land Conversions in the Presence of Farmland Preservation Programs93 cited
  • 2021Feasibility of re-processing mine tailings to obtain critical raw materials using real options analysis90 cited
  • 2007Enduring Impacts of Land Retirement Policies: Evidence from the Conservation Reserve Program90 cited
  • 2015Real options analysis for land use management: Methods, application, and implications for policy87 cited
  • 2008Property Tax Policy and Land-Use Change82 cited
  • 2020Investing in climate change adaptation and mitigation: A methodological review of real-options studies65 cited
  • 2014Investment timing under uncertain renewable energy policy: An empirical study of small hydropower projects61 cited
  • 2012Gradual Land-Use Change in New Zealand: Results from a Dynamic Econometric Model50 cited
  • 2008Internalization and internationalization under competing real options50 cited
  • 2017Swedish-Norwegian tradable green certificates: Scheme design flaws and perceived investment barriers41 cited
  • 2008Economic hysteresis in hog production40 cited
  • 2017Abandonment of milk production under uncertainty and inefficiency: the case of western German Farms31 cited