COMPOUND OPTIONS: A REAL OPTIONS APPLICATION TO AN AGRICULTURAL BUSINESS
Brian Briggeman (),
Joshua Detre and
Allan Gray ()
No 19996, 2004 Annual meeting, August 1-4, Denver, CO from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
Real options analysis integrates uncertain outcomes of investment decisions. This framework is used to analyze a new product launch from an agricultural business to a market with multiple uncertainties. Findings indicate a more accurate valuation of the investment when real options and their interactions with the investment are considered.
Keywords: Agribusiness (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea04:19996
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