Investments in Fixed Assets in February 2013

Digest February 2013

Valuation of Long-Term Investments in Energy Assets under Uncertainty

This paper aims to contribute to the development of valuation models for long-term investments while keeping an eye on market prices. The adopted methodology is rooted on the existence of markets for futures and options on commodities related to energy investments. These markets are getting ever-increasingly liquid with ever-longer maturities while trading contracts. We discuss the advantages o...

Firm Assets and Investments in Open Source Software Products

Open source software (OSS) has recently emerged as a new way to organize innovation and product development in the software industry. This paper investigates the factors that explain the investment of profit-oriented firms in OSS products. Drawing on the resource-based theory of the firm, we focus on the role played by pre-OSS firm assets both upstream and downstream, in the software and the ha...

Lecture 1 — February 6 , 2013

The two papers are very interelated but they have different prespectives on what is an error and how to correct it. In the Shannon model, the errors are drawn from a probability distribution whereas they are chosen adversarially in the Hamming model. In the rest of this lecture, we will introduce the Haming model. First, we give an example with a concrete setting of parameters before giving the...

American Heart Month — February 2013