Article ID Journal Published Year Pages File Type
9549168 Economics Letters 2005 9 Pages PDF
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
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Money as real options in a cash-in-advance economy
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