Showing papers on "Business value published in 1979"
TL;DR: In this paper, an intergenerational model of resource development is constructed to examine the concepts of option and existence value, which are seen to relate to a more fundamental concept: the expected value of perfect information.
Abstract: An intergenerational model of resource development is constructed to examine the concepts of option and existence value. These concepts are seen to relate to a more fundamental concept: the expected value of perfect information. The analysis would suggest that when sequencing irreversible resource developments both uncertainty and the expected value of information should be considered.
1 citations
1 citations