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Paper eres2010_423:
TOLL ROAD INVESTMENT UNDER UNCERTAINTY

id eres2010_423
authors Doan, Phuong ; Patel , Kanak
year 2010
title TOLL ROAD INVESTMENT UNDER UNCERTAINTY
source 17th Annual European Real Estate Society Conference in Milan, Italy
summary We model a portfolio of real options with cost contingency and government subsidy at the operation stage. We demonstrate that the investment value is highly sensitive to cost and revenue uncertainties. Our numerical analysis suggests that the investment value of risky project is higher when net income guarantee is used instead of minimum revenue guarantee.
series ERES:conference
email kp10005@cam.ac.uk
more http://www.eres2010.org/index.asp?page=papers_download
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ratings
session Real Estate Investment (3)
last changed 2010/08/04 20:47
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