THE REAL OPTIONS APPROACH TO VALUATION: CHALLENGES AND OPPORTUNITIES
This paper provides an overview of the real options approach to valuation mainly from the point of view of the author who has worked in this area for over 30 years. After a general introduction to the subject, numerical procedures to value real options are discussed. Recent developments in the valua...
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Pontificia Universidad Católica de Chile. Instituto de Economía.
2013
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oai:scielo:S0719-043320130002000012014-01-29THE REAL OPTIONS APPROACH TO VALUATION: CHALLENGES AND OPPORTUNITIESSCHWARTZ,EDUARDO Real options This paper provides an overview of the real options approach to valuation mainly from the point of view of the author who has worked in this area for over 30 years. After a general introduction to the subject, numerical procedures to value real options are discussed. Recent developments in the valuation of complex American options has allowed progress in the solution of many interesting real option problems. Two applications of the real options approach are discussed in more detail: the valuation of natural resource investments and the valuation of research and development investments.info:eu-repo/semantics/openAccessPontificia Universidad Católica de Chile. Instituto de Economía.Latin american journal of economics v.50 n.2 20132013-11-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332013000200001en |
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Scielo Chile |
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English |
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Real options |
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Real options SCHWARTZ,EDUARDO THE REAL OPTIONS APPROACH TO VALUATION: CHALLENGES AND OPPORTUNITIES |
description |
This paper provides an overview of the real options approach to valuation mainly from the point of view of the author who has worked in this area for over 30 years. After a general introduction to the subject, numerical procedures to value real options are discussed. Recent developments in the valuation of complex American options has allowed progress in the solution of many interesting real option problems. Two applications of the real options approach are discussed in more detail: the valuation of natural resource investments and the valuation of research and development investments. |
author |
SCHWARTZ,EDUARDO |
author_facet |
SCHWARTZ,EDUARDO |
author_sort |
SCHWARTZ,EDUARDO |
title |
THE REAL OPTIONS APPROACH TO VALUATION: CHALLENGES AND OPPORTUNITIES |
title_short |
THE REAL OPTIONS APPROACH TO VALUATION: CHALLENGES AND OPPORTUNITIES |
title_full |
THE REAL OPTIONS APPROACH TO VALUATION: CHALLENGES AND OPPORTUNITIES |
title_fullStr |
THE REAL OPTIONS APPROACH TO VALUATION: CHALLENGES AND OPPORTUNITIES |
title_full_unstemmed |
THE REAL OPTIONS APPROACH TO VALUATION: CHALLENGES AND OPPORTUNITIES |
title_sort |
real options approach to valuation: challenges and opportunities |
publisher |
Pontificia Universidad Católica de Chile. Instituto de Economía. |
publishDate |
2013 |
url |
http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332013000200001 |
work_keys_str_mv |
AT schwartzeduardo therealoptionsapproachtovaluationchallengesandopportunities AT schwartzeduardo realoptionsapproachtovaluationchallengesandopportunities |
_version_ |
1714206732240027648 |