Supply Uncertainty, Option Price, and Option Value

A. Myrick Freeman

Land Economics, 1985, vol. 62, issue 2, 176-181

Abstract: This article develops a general model of private and public choice under temporal uncertainty. The model incorporates the effects of risk preferences and the prospect of future learning into both the individual and aggregate valuations of public projects. ...

Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:uwp:landec:v:62:y:1985:i:2:p:176-181

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