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Issues in real options with shadow costs of incomplete information and short sales

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  • Bellalah, Mondher

Abstract

This paper presents the valuation of real options and the capital budgeting models within shadow costs of incomplete Information and short sales. Shadow costs are sunk costs in the spirit of Merton's (1987) model of capital market equilibrium with incomplete information.

Suggested Citation

  • Bellalah, Mondher, 2016. "Issues in real options with shadow costs of incomplete information and short sales," The Journal of Economic Asymmetries, Elsevier, vol. 13(C), pages 45-56.
    • Handle: RePEc:eee:joecas:v:13:y:2016:i:c:p:45-56
    DOI: 10.1016/j.jeca.2015.10.002
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    References listed on IDEAS

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    Cited by:

    1. Raquel J. Fonseca & Luísa Cunha, 2023. "Real options in health insurance decisions: the Portuguese ADSE system," SN Business & Economics, Springer, vol. 3(6), pages 1-17, June.

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