Issues in real options with shadow costs of incomplete information and short sales

Mondher Bellalah

The Journal of Economic Asymmetries, 2016, vol. 13, issue C, 45-56

Abstract: This paper presents the valuation of real options and the capital budgeting models within shadow costs of incomplete Information and short sales. Shadow costs are sunk costs in the spirit of Merton's (1987) model of capital market equilibrium with incomplete information.

Keywords: Real options; Discounted cash flow techniques; Information costs; Shadow costs; Incomplete information; Short sales (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:joecas:v:13:y:2016:i:c:p:45-56

DOI: 10.1016/j.jeca.2015.10.002

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