Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/266064 
Year of Publication: 
2022
Series/Report no.: 
UPSE Discussion Paper No. 2022-02
Publisher: 
University of the Philippines, School of Economics (UPSE), Quezon City
Abstract: 
This paper is an introduction to the concepts and methods used in the field of real options as they relate to investments. The analog between financial and real options is explained. The discrete version of a model is introduced, then solutions to the canonical model in continuous time using dynamic programming and contingent claims analysis are discussed. Finally, the paper covers extensions of the canonical model to various other option structures.
Subjects: 
Real options analysis
Investment theory
JEL: 
E2
E22
G11
G31
Document Type: 
Working Paper

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