Real Options in Theory and Practice Jerald M. Jellison habitat conversion and land use

habitat conversion and land use intensification

took these cases

in the arena of public discourse and in real men's lives

or the development of ideas and language in the Late Roman Republic

Intermed iate/Advanced Tests

Real Options in Theory and Practice Jerald M. Jellison habitat conversion and land useDecision makers in business and economics face a staggering array of problems. For example, managers of growing firms have to decide when to expand their business, governments have to decide whether to undertake large infrastructure investments, and managers of oil firms must decide how rapidly to deplete their reserves. While these problems seem quite diverse, they all share many important features. In each case, the decision maker must choose when