Risk-Neutral Pricing Approach for Evaluating BOT Highway Projects with Government Minimum Revenue Guarantee Options

Author:

Ashuri B.1,Kashani H.2,Molenaar K. R.3,Lee S.4,Lu J.2

Affiliation:

1. Assistant Professor, Economics of the Sustainable Built Environment (ESBE) Lab, School of Building Construction, Georgia Institute of Technology, 280 Ferst Drive, 1st Floor, Atlanta, GA 30332-0680 (corresponding author).

2. Ph.D. Candidate, Economics of the Sustainable Built Environment (ESBE) Lab, School of Building Construction, Georgia Institute of Technology, 280 Ferst Drive, 1st Floor, Atlanta, GA 30332-0680.

3. Professor, Univ. of Colorado at Boulder, Campus Box 428, ECOT 643, Boulder, CO 80309-0428.

4. Senior Deputy Director, Road Planning and Construction Division Ministry of Land, Transport, and Maritime Affairs, 88 Gwanmun-ro, Gwacheon-si, Gyeonggi-do, Republic of Korea, 427-712.

Publisher

American Society of Civil Engineers (ASCE)

Subject

Strategy and Management,Industrial relations,Building and Construction,Civil and Structural Engineering

Reference42 articles.

1. ASCE. (2009). “Report card for America’s infrastructure.” 〈http://www.infrastructurereportcard.org/sites/default/files/RC2009_roads.pdf〉 (Oct. 10 2009).

2. Ashuri B. Rouse W. B. and Bodner D. A. (2008). “A real options approach to investment decisions in competitive dynamic retail markets.” Proc. 2008 Hawaii Int. Conf. on System Sciences (HICSS-41) IEEE Computer Society Washington DC.

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