Option Demand and Consumer Surplus: Further Comment

Charles J. Cicchetti · A. Myrick Freeman

157 citations0/0 files storedThe Quarterly Journal of Economics

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Capital Investment and Risk Analysis Decision-Making and Behavioral Economics Economic and Environmental Valuation

Abstract

Introduction, 528. — The framework of the model, 530. — Demand uncertainty and option value, 533. — Some extensions of the model, 536. — Conclusions and policy implications, 537.

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