Journal of Real Options and Strategy
Online ISSN : 1884-1635
Print ISSN : 1881-5774
Technical Note
A Comparative Statics Analysis of the First Passage Times to the Optimal Thresholds in the Real Options Model
Jing-Hui DongYoshio Iihara
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2017 Volume 9 Pages 23-37

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Abstract

In this paper, we propose a simple method for performing a comparative statics analysis of the expectation of the first passage times to the optimal thresholds in the real options model. Also, we show that this method is suitable for a comparative statics analysis of the variance of the first passage times. Furthermore, this method can help us for understanding the results of the comparative statics analysis.

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© 2017 The Japan Association of Real Options and Strategy
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