Valuation of a new entrant in an oligopolistic market, including its option to abandon: A real-life case

The purpose of this paper is to increase current empirical evidence on the relevance of real options for explaining firm investment decisions in oligopolistic markets. We study an actual investment case in the Spanish mobile telephony industry, the entrant in the market of a new operator, Yoigo. We analyze the option to abandon in order to show the relevance of the possibility of selling the company in an oligopolistic market where competitors are not allowed free entrance. The NPV (net present value) of the new entrant is calculated as a starting point. Then, based on the general approach proposed by Copeland and Antikarov (2001), a binomial tree is used to model managerial flexibility in discrete time periods, and value the option to abandon. The strike price of the option is calculated based on incremental EBITDA margins due to selling customers or merging with a competitor.

Are pharmacological randomised controlled clinical trials relevant to real-life asthma populations? : A protocol for an UNLOCK study from the IPCRG

Funding The IPCRG provided funding for this research project as an UNLOCK Group study for which the funding was obtained through an unrestricted grant by Novartis AG, Basel, Switzerland. Novartis has no role in study design, data collection and analysis, decision to publish or preparation of the manuscript. This study will include data from the Optimum Patient Care Research Database and is undertaken in collaboration with Optimum Patient Care and the Respiratory Effectiveness Group.

The man of the hour : a tale of real life /

A novel.

The Channings, a domestic novel of real life.

Mode of access: Internet.

One hundred romances of real life /

Mode of access: Internet.

Juvenile biography; or, lives of celebrated children : Inculcating virtue by eminent examples from real life. To which are added moral reflections, addressed to the youth of both sexes.

Reproduction of original in British Library, London.

The life and sufferings of Cecelia Mayo, founded on incidents in real life.

Wright I, 1663.

Romances of real life /

By Mrs. Gore. Cf. Brit. Mus. cat.

Box and cox; a romance of real life, in one act.

Slighty cut for acting.

Little shavers; sketches from real life,

Mode of access: Internet.

Leander Hall; or, The investigation of religious truth, comprehending the origin and nature of the Church of Christ, with its laws and ordinances, embraced in a web of romance from the loom of real life.

Mode of access: Internet.

My early days : or, Scenes of real life, revived /

Mode of access: Internet.

The marble heart; or, The sculptor's dream; a romance of real life in five chapters.

Adapted from the play "Les filles de marbre" by Th. Barrière and L. Thiboust.--BMC.

The story of the soil, from the basis of absolute science and real life,

Mode of access: Internet.

Lucy; or, Married from pique. A story of real life.

Mode of access: Internet.