๐”– Bobbio Scriptorium
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Real option valuation of abandoned farmland

โœ Scribed by Michi Nishihara


Book ID
117994144
Publisher
Elsevier Science
Year
2012
Tongue
English
Weight
257 KB
Volume
21
Category
Article
ISSN
1058-3300

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To have a real option means to have the possibility for a certain period to either choose for or against making an investment decision, without binding oneself up front. The real option rule is that one should invest today only if the net present value is high enough to compensate for giving up the