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Uncertainty, Flexibility, and Real Options

Benoît Chevalier-Roignant and Lenos Trigeorgis

in Competitive Strategy: Options and Games

Published in print:
2011
Published Online:
August 2013
ISBN:
9780262015998
eISBN:
9780262298711
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262015998.003.0005
Subject:
Economics and Finance, Econometrics

This chapter discusses the strategy formulation challenges encountered by firms when the underlying market is uncertain. Motivated by the uncertainty faced by European electric utilities, it ... More


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