Options, the Value of Capital, and Investment
- 1 August 1996
- journal article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 111 (3) , 753-777
- https://doi.org/10.2307/2946671
Abstract
Capital investment decisions must recognize the limitations on the firm's ability to later sell or expand capacity. This paper shows how opportunitieKeywords
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