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- W60662643 abstract "Abstract The main objectives of the paper are threefold. First, to systematically compare the concepts of option value and quasi-option value, point out the mistakes and misinterpretations in the literature and Generalize the concept of Graham frontier to an intertemporal framework of which Henry's open-loop formulation is shown to be a particular case. Second, to relate the concepts of option and quasi-option value to the literature on search, financial options and sequential experiments and show how their comparative dynamics results are closely related. Third, to solve a somewhat stylized real world quasi-option problem arising from the Columbia River Treaty between Canada and the United States." @default.
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- W60662643 date "1986-06-01" @default.
- W60662643 modified "2023-09-24" @default.
- W60662643 title "Option and Quasi-Option Values of Natural Resources: The Columbia River Treaty" @default.
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- W60662643 doi "https://doi.org/10.1016/s1474-6670(17)59670-6" @default.
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