Arrow-Fisher-Hanemann-Henry and Dixit-Pindyck Option Values Under Strategic Interactions
We extend the Arrow–Fisher–Hanemann–Henry (AFHH) and Dixit–Pindyck (DP) option values to a game situation. By reinterpreting the AFHH option value as a change in the surplus from conservation because of the prospect of future information, we deal with a conceptual difficulty associated with the AFHH...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2013
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| Online Access: | https://ink.library.smu.edu.sg/soe_research/1517 https://ink.library.smu.edu.sg/context/soe_research/article/2516/viewcontent/Arrow_fisher_Hanemann_Henry_and_Dixit_Pindyck_Option_Values_Under_Strategic_Interactions.pdf |
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| Institution: | Singapore Management University |
| Language: | English |