Search: authors:"J. M. Huisman"

On the firm’s option values of short-time work policies

Coral-mimicking alga Eucheuma arnoldii found at Ashmore Reef, north-western Australia

0 J. M. Huisman School of Veterinary and Life Sciences, Murdoch University , Murdoch, WA 6150, Australia 1 Z. T. Richards (&) Aquatic Zoology, Western Australian Museum , 49 Kew St, Welshpool, WA

Capacity Choice in (Strategic) Real Options Models: A Survey

The theory of real options determines the optimal time to invest in a project of given size. As a main result, it is found that in a more uncertain environment, it is optimal for a firm to delay its investment. In other words, uncertainty generates a “value of waiting.” Recently, contributions appeared that in addition determine the optimal size of the investment. This paper...