This study investigates the value of the wildcard option embedded in the American FT-SE 100 index (SEI) options. Model-based studies of S&P 100 index options show the embedded wildcard option to have significant value. By contrast, nonparametric tests on SEI options indicate that the wildcard has ve
Oil volatility and the option value of waiting: An analysis of the G-7
β Scribed by Don Bredin; John Elder; Stilianos Fountas
- Publisher
- John Wiley and Sons
- Year
- 2010
- Tongue
- English
- Weight
- 306 KB
- Volume
- 31
- Category
- Article
- ISSN
- 0270-7314
No coin nor oath required. For personal study only.
β¦ Synopsis
If energy prices will trend higher, you invest one way; if energy prices will be lower, you invest a different way. But if you don't know what prices will do, often you do not invest at all."
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## Abstract Policyβmakers often claim that enhancing patient choice induces more competition among hospitals and may therefore reduce waiting times. This paper tests this claim using 120 English NHS hospitals over the period 1999β2001. Several proxies for the degree of choice (or competition) are c