A Real Options Approach to Contractual Agreements and Value Flexibility
Keywords:
contracts, transaction costs, real options
Abstract
Contracts are usually analyzed in the light of the reduction of transaction costs that they may ensure But this disregards the advantages of strategic flexibility in business relations In this paper we consider a model of provider-client relation and see how flexibility in the contract seen as a combination of a put and a call option ensures a higher payoff to the involved parties
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How to Cite
Gaston Milanesi, & Fernando Tohme. (2014). A Real Options Approach to Contractual Agreements and Value Flexibility. Global Journal of Management and Business Research, 14(C2), 61–66. Retrieved from https://journalofbusiness.org/index.php/GJMBR/article/view/1398
Published
2014-01-15
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Articles
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Copyright (c) 2014 Authors and Global Journals Private Limited
This work is licensed under a Creative Commons Attribution 4.0 International License.