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Valuing the option to invest in an incomplete market

✍ Scribed by Vicky Henderson


Book ID
107399475
Publisher
Springer-Verlag
Year
2007
Tongue
English
Weight
419 KB
Volume
1
Category
Article
ISSN
1862-9679

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An options approach to investment in a h
✍ A.A. van Benthem; G.J. Kramer; R. Ramer πŸ“‚ Article πŸ“… 2006 πŸ› Elsevier Science 🌐 English βš– 368 KB

This paper discusses the investments needed for the introduction of hydrogen as a transport fuel. Using option theory, we develop a model to calculate the value and optimal timing of a first commercial rollout of hydrogen vehicles in a larger area, taking Japan as a specific example. We find that th