Venice Summer Institute

	Venice Summer Institute Workshop on "Operating Uncertainty Using Real Options" Venice International University, San Servolo, 8-9 July 2009
	Programme
	Wednesday, 8 July 2009


08:50 - 09:00	Welcome Address MICHAEL FUNKE
	Session 1
09:00 - 09:35	Booms, Recessions and Financial Turmoil: A Fresh Look at Investment Decisions Under Cyclical Uncertainty MICHAEL FUNKE and Yu-Fu Chen Discussant: Stéphanie Jamet Also published in: Scottish Journal of Political Economy (visit page at Wiley Interscience)
09:35 - 10:10	Managing Migration through Conflicting Policies: An Option-Theory Perspective SERGIO VERGALLI and Michele Moretto Discussant: Davide Sala
10:10 - 10:45	A Strategic R&D Investment with Flexible Development Time in Real Option Game Analysis GIOVANNI VILLANI Discussant: Jan-Henrik Steg
10:45 - 11:00	Coffee Break
	Session 2
11:00 - 11:35	Anti-Pollution Protest and Investment in Pollution Abatement Facilities WEN-KAI WANG, Walailuck Chavanasporn and Kannika Thampanishvong Discussant: Oana Ionescu
11:35 - 12:10	Market Access through Bound Tariffs DAVIDE SALA, Philipp J.H. Schröder and Erdal Yalcin Discussant: Sergio Vergalli
12:10 - 13:30	Lunch
	Session 3
13:30 - 14:15	Keynote Lecture: Options and Inaction with and without Uncertainty GIUSEPPE BERTOLA
14:15 - 14:50	Stay at School or Start Working? Optimal Timing of Leaving School under Uncertainty and Irreversibility THOMAS GRIES, N. Bilkic and M. Pilichowski Discussant: Luca Di Corato
14:50 - 15:25	Irreversible Investment in Oligopoly JAN-HENRIK STEG Discussant: Nicole Glanemann
15:25 - 15:40	Coffee Break
	Session 4
15:40 - 16:15	Comparing Feed-In-Tariffs and Renewable Obligation Certificates - A Real Option Approach TIM MENNEL and Sara Scatasta Discussant: Michael Funke
16:15 - 16:50	The Learning Curve and Optimal Investment under Uncertainty MARCO DELLA SETA Discussant: Yu-Fu Chen
16:50 - 17:25	Optimal Investment, Financial Strategies and the Capital Levy Problem ALESSANDRO FEDELE, Paolo M. Panteghini and Sergio Vergalli Discussant: Hamed Ghoddusi
19:30	Conference Dinner
	Thursday, 9 July 2009
	Session 5
09:00 - 09:35	Production Flexibility and Investment under Uncertainty VERENA HAGSPIEL, Kuno J.M. Huisman and Peter M. Kort Discussant: Vivek Ghosal
09:35 - 10:10	The Role Played by Sunk Costs in Real-Options Models VIVEK GHOSAL Discussant: Marc Gronwald
10:10 - 10:30	Coffee Break
	Session 6
10:30 - 11:05	Capacity Constraints, Expansion Options and the Optimal Extraction of Exhaustible Resources HAMED GHODDUSI Discussant: Walailuck Chavanasporn
11:05 - 11:40	Investing in Biogas: Timing, Technological Choice and the Value of Flexibility from Inputs Mix LUCA DI CORATO and Michele Moretto Discussant: Erdal Yalcin
11:40 - 12:15	Uncertain Productivity Growth and the Choice between FDI and Export ERDAL YALCIN Discussant: Thomas Gries
12:15 - 13:30	Lunch
	End of Conference

Venice Summer Institute Workshop on "Operating Uncertainty Using Real Options"

Venice International University, San Servolo, 8-9 July 2009

Programme

Wednesday, 8 July 2009

Thursday, 9 July 2009

Venice Summer Institute
Workshop on
"Operating Uncertainty Using Real Options"