Titolo: Stochastic Models and Option Values: Applications to Resources, Environment and Investment Problems (Contributions to Economic Analysis, 200)
Editore: Emerald Publishing Limited
Data di pubblicazione: 1991
Lingua: Inglese
ISBN 10: 0444886303
ISBN 13: 9780444886309
Rilegatura: Rilegato
Condizione: New

Descrizione articolo

Riassunto

This book is a result of recent developments in several fields. Mathematicians, statisticians, finance theorists, and economists found several interconnections in their research. The emphasis was on common methods, although the applications were also interrelated. The main topic is dynamic stochastic models, in which information arrives and decisions are made sequentially. This gives rise to what finance theorists call option value, what some economists label quasi-option value. Some papers extend the mathematical theory, some deal with new methods of economic analysis, while some present important applications, to natural resources in particular.

Recensione

... well written and high quality contributions
European Journal of Operational Research

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