✦ LIBER ✦
Price Caps for Standard Offer Service: A Hidden Stranded Cost
✍ Scribed by Frank Graves; Paul Liu
- Publisher
- Elsevier Science
- Year
- 1998
- Tongue
- English
- Weight
- 414 KB
- Volume
- 11
- Category
- Article
- ISSN
- 1040-6190
No coin nor oath required. For personal study only.
✦ Synopsis
The use of call option techniques demonstrates that the flexibility offered by standard offer service can be a nontrivial fraction of total stranded costs. The right price cap structure can ameliorate this cost.