{"product_id":"real-options-and-sustainable-transport-von-linda-salahaldin","title":"Real options and sustainable transport","description":"\u003cp\u003eIn this book, we study the problem of investing in sustainable transport to relieve air pollution. In such a case, the growth of the city population is the major source of uncertainty, as a high population density increases pollution and, on the other hand, makes a big transportation project necessary. Using the real options method, we show how to maximize inter-generational utility when the population grows stochastically. In a second step, we study the same problem of investing in sustainable transport under both population-growth and investment cost uncertainties. In such a case, the growth of the city population increases the demand for a sustainable transport by increasing pollution, and, in the same time, the investment cost is decreasing stochastically with time. This corresponds to a hydrogen fuel infrastructure construction, whose cost is stochastically decreasing due to the worldwide R\u0026amp;D effort. Using the real options method, we show how to maximize inter-generational utility by choosing the optimal time to invest.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9786131553615\"\u003e\u003ch3\u003eInvesting for tomorrow under uncertainty\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9786131553615","offer_id":40149130936413,"sku":"9786131553615","price":76.9,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/e5617596-2fb1-4266-a9c6-dc668f596718.jpg?v=1758776620","url":"https:\/\/shop.autorenwelt.de\/en\/products\/real-options-and-sustainable-transport-von-linda-salahaldin","provider":"Autorenwelt Shop","version":"1.0","type":"link"}