摘要
针对项目投资中的实物期权,提出了不同市场结构对期权价值评估以及项目投资时机选择的影响,在此基础上,用实例演示了完全竞争、垄断和双头竞争三种不同市场结构下的实物期权分析框架。
Because of the potential problems in evaluating real options of project investemnt when neglecting competition,this paper presents evaluation of real options and investment timing strategy under different market structures.On the basis of thorough analysis,a general framework of real options in the three different market structures (perfect competition、monopoly and duopoly) is provided by numerical examples.
出处
《管理工程学报》
CSSCI
2004年第3期128-129,共2页
Journal of Industrial Engineering and Engineering Management
关键词
竞争
垄断
项目评估
实物期权
competition
monopoly
project investment
real options
