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Giaccotto et al., 2007 - Google Patents

The value of embedded real options: Evidence from consumer automobile lease contracts

Giaccotto et al., 2007

View PDF
Document ID
5584599343548611277
Author
Giaccotto C
Goldberg G
Hegde S
Publication year
Publication venue
The Journal of Finance

External Links

Snippet

Under the common assumption of constant interest rates, we show that penalties for early termination of a lease are often structured in such a way that the cancellation option embedded in consumer automotive leases has little value. Furthermore, our estimates …
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