References: Real options – introduction to the state of the art

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Brennan , M. J. and Schwartz , E. S. 1985 . “Evaluating Natural Resource Investments.” . Journal of Business , 58 ( 2 ) : 135 – 157 . (doi:10.1086/296288)
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McDonald , R. and Siegel , D. 1986 . “The Value of Waiting to Invest.” . Quarterly Journal of Economics , 101 ( 4 ) : 707 – 728 . (doi:10.2307/1884175)
Web of Science ®Google Scholar
Tourinho , O. A. F. 1979 . “The Valuation of Reserves of Natural Resources: An Option Pricing Approach.” . Berkeley, CA : University of California . PhD diss.
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