Purpose The aim of the paper is to investigate the Black and Scholes model by providing an
updated framework of the international literature on the topic, within the field of real option …

The impact of market frictional costs on pricing insurance and financial products in a regime-
switching environment has not been well-explored. This paper introduces a general pricing …

A generalized Esscher transform is introduced for option valuation in a Markov regime-
switching model. It is intended that the generalized Esscher transform might provide novel …

The paper highlights the encountered problems in implementing real options undermore
realistic assumptions such as business cycle risk and normally distributed cashflows. The …

We study an investment problem in which two asymmetric firms face competition and the
regime characterizing the economic condition follows a Markov switching process. We …

This thesis analyzes a real options investment model of a monopolist that encounters lead
time to install the investment and regime switches allowing a variable, irreversible, one-time …

This paper uses a real options approach to value energy projects whose cash flows follow a
normal distribution and subject to macroeconomic risks. Large and irreversible energy …

This paper examines business models. We present insights from a highly influential paper.
Here are the highlights from this paper: The aim of the paper is to investigate the Black and …

In this paper, we study an investment problem in which two asymmetric firms face
competition and the regime characterizing economic conditions follows Markov switching …

Policymakers have often backed alternative energy technologies, eg, nuclear power, due to
their relatively low operating costs and emissions. However, they have also been quick to …