Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/159395
Authors: 
Sereno, Luigi
Year of Publication: 
2006
Series/Report no.: 
Quaderni - Working Paper DSE 554
Abstract: 
Traditional tools fail to capture the value of new ventures, such as R&D projects and start-up companies, because of their dependence on future events that are uncertain at the time of the initial decision. In the real options setting the value of these investments is the value of the follow-on opportunities they may create. Our aim is to study the multicompound option approach to value sequential investment opportunities taking into account multiple interactions among real options.
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by/3.0/
Document Type: 
Working Paper

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