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dc.contributor.author
Naindebam, Shasikanta
dc.contributor.author
Raybaudi, Marzia
dc.contributor.author
Sola, Martin
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dc.date.available
2024-06-14T13:16:03Z
dc.date.issued
2022-11
dc.identifier.citation
Naindebam, Shasikanta; Raybaudi, Marzia; Sola, Martin; Optimal investment in interrelated projects; World Scientific; International Journal of Theoretical and Applied Finance; 25; 7-8; 11-2022; 1-25
dc.identifier.issn
1793-6322
dc.identifier.uri
http://hdl.handle.net/11336/238144
dc.description.abstract
This paper addresses the effects in partial equilibrium models of relaxing one of the critical underlying assumptions of [A. K. Dixit & R. S. Pindyck (1994) Investment Under Uncertainty. Princeton: Princeton University Press] to investment under uncertainty: either the potential investor has access to a single project or can consider competing (or complementary) projects independently. This paper studies the investment decision of a multi-product monopolist where the projects exhibit interdependence between the cash flows of different products. We derive the optimal entry time for each product and show that the choice and investment timing differ from that suggested by the single project approach. It is well known that the decision to produce related goods simultaneously or sequentially crucially depends on their degree of substitutability or complementarity. We derive the optimal timing for the investment under this scenario.
dc.format
application/pdf
dc.language.iso
eng
dc.publisher
World Scientific
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dc.rights
info:eu-repo/semantics/restrictedAccess
dc.rights.uri
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
dc.subject
Optimal Investment
dc.subject
Interrelated Projects
dc.subject.classification
Organización Industrial
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dc.subject.classification
Economía y Negocios
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dc.subject.classification
CIENCIAS SOCIALES
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dc.title
Optimal investment in interrelated projects
dc.type
info:eu-repo/semantics/article
dc.type
info:ar-repo/semantics/artículo
dc.type
info:eu-repo/semantics/publishedVersion
dc.date.updated
2024-06-14T11:21:52Z
dc.journal.volume
25
dc.journal.number
7-8
dc.journal.pagination
1-25
dc.journal.pais
Reino Unido
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dc.journal.ciudad
Londres
dc.description.fil
Fil: Naindebam, Shasikanta. University of Bath; Reino Unido
dc.description.fil
Fil: Raybaudi, Marzia. Universidad Torcuato Di Tella. Departamento de Economía; Argentina
dc.description.fil
Fil: Sola, Martin. Universidad Torcuato Di Tella. Departamento de Economía; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina
dc.journal.title
International Journal of Theoretical and Applied Finance
dc.relation.alternativeid
info:eu-repo/semantics/altIdentifier/doi/http://dx.doi.org/10.1142/S0219024922500315
dc.relation.alternativeid
info:eu-repo/semantics/altIdentifier/url/https://www.worldscientific.com/doi/10.1142/S0219024922500315
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