Valuing Simple Multiple-Exercise Real Options in Infrastructure Projects
نویسندگان
چکیده
منابع مشابه
Valuing Simple Multiple-Exercise Real Options in Infrastructure Projects
The revenue risk is considerable in infrastructure project financing arrangements such as build–operate–transfer BOT . A potential mitigation strategy for the revenue risk is a governmental revenue guarantee, where the government secures a minimum amount of revenue for a project. Such a guarantee is: 1 only redeemable at distinct points in time; and 2 more economical if the government limits th...
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ژورنال
عنوان ژورنال: Journal of Infrastructure Systems
سال: 2007
ISSN: 1076-0342,1943-555X
DOI: 10.1061/(asce)1076-0342(2007)13:2(97)