[PDF] Preventing environmental disasters in investment under uncertainty
P Kort, M Lavrutich, C Nunes, C Oliveira
The paper considers a firm that has the option to invest in a project with an unknown
profitability, which is affected by general market uncertainty. The project has the
adverse effect that it can cause environmental damage. In case the firm has the …
profitability, which is affected by general market uncertainty. The project has the
adverse effect that it can cause environmental damage. In case the firm has the …
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