Option Values and Exhaustible Resources: The Example of Peak Oil

eBook (PDF), 65 Pages
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Price: $8.73
Today, Peak Oil experts largely agree that the world’s oil production will reach a peak. Yet, there are considerable uncertainties about the when and how of Peak Oil. With regard to these 2 aspects of uncertainty this master thesis develops an economic model of option values. The model compares whether action should be taken now with today’s technologies or postponed to a later period when the uncertainty has been solved. It suggests to improve the information the decision is based on, and to defer investment into the future, since the decision-maker tends to overinvest under uncertainty as a kind of insurance.
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Product Details

September 27, 2011
File Format
File Size
1.64 MB
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Required Software Any PDF Reader, Apple Preview
Supported Devices Windows PC/PocketPC, Mac OS, Linux OS, Apple iPhone/iPod Touch... (See More)
# of Devices Unlimited
Flowing Text / Pages Pages
Printable? Yes
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