Publisher Summary This chapter discusses the basic techniques and ideas of real options
analysis, as it extends the capital-budgeting literature beyond the discounted cash-flow …

The problem of hedging a long term commitment to deliver a fixed amount of a commodity by
trading in short term futures contracts is analyzed. Conditions under which a simple or tailed …

Consider a firm with a commitment to deliver a fixed quantity of oil at a specified date T in the
future. The commitment exposes the firm to the price of oil at time T. Suppose the firm buys …

Oil is one of the most important commodities in the global economy. We study jump tail risks
in the oil market by developing a new model for depicting commodity prices. This model …

We provide an arbitrage‐free valuation of exhaustible resource firms through extending the
Gibson and Schwartz (1990) model and also the Jamshidian and Fein (1990) solution to …

This thesis is about the interface between theoretical and empirical practice in the evaluation
of mineral asset investments. It takes the Jamaican Bauxite industry as a case study for …

Chapter 1 investigates benchmark based regulation as a solution to the problem of
determining allowable cost of a utility's inputs. An actual contract is studied, and it is found …