commute
发表于 2025-3-30 09:50:43
The Value of Licenses for Recreational Use of Natural Resourcesn place, for a certain period of time, and according to pre-established rules and procedures. We developed a model starting from the assumption that the opportunity to purchase a license can be likened to a call option, given that the uncertainty concerning the future benefits and the irreversibilit
Confidential
发表于 2025-3-30 12:29:58
Analysis of Land Prices under Uncertainty: A Real Option Valuation Approacharket prices. We briefly review the existing economic literature on land pricing and then develop a more specific analysis of land prices under uncertainty using a real option approach to valuation. Using the model, we illustrate the effects on farmland prices of factors that represent the major sou