11 citations · 11 across the 4 of their papers we have counts for
3 papers · 1 filter
On a Class of Optimal Stopping Problems with Applications to Real Option Theory
Manuel Guerra, Cláudia Nunes, Carlos Oliveira
We consider an optimal stopping time problem related with many models found in real options problems. The main goal of this work is to bring for the field of real options, differen…
An Investment Model with Switching Costs and the Option to Abandon
Mihail Zervos, Carlos Oliveira, Kate Duckworth
We develop a complete analysis of a general entry-exit-scrapping model. In particular, we consider an investment project that operates within a random environment and yields a payo…
New Approach to Derive the Value Function of a Firm with Exit Option
Manuel Guerra, Cláudia Nunes, Carlos Oliveira
In this paper we propose a new way of proving the value of a firm that is currently producing a certain product and faces the option to exit the market. The problem of optimal exit…