Title of article
Money as real options in a cash-in-advance economy
Author/Authors
Stacie Beck، نويسنده , , David R. Stockman، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2005
Pages
9
From page
337
To page
345
Abstract
We characterize the optimal exercise point and equilibria in which money as real options has positive option value. We investigate the effect of uncertainty on the option value of money and the optimal exercise strategy.
Keywords
money , Real options , Cash-in-advance
Journal title
Economics Letters
Serial Year
2005
Journal title
Economics Letters
Record number
435678
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