![Money as real options in a cash-in-advance economy [An article from: Economics Letters]](http://ecx.images-amazon.com/images/I/51QYS7E08SL._SL500_AA240_.jpg)
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This digital document is a journal article from Economics Letters, published by Elsevier in 2005. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
We characterize the optimal exercise point and equilibria in which money as real options has positive option value. We investigate the effect of uncertainty on the option value of money and the optimal exercise strategy.
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